IFC Holdings Incorporated FL Decreases Stake in Exxon Mobil Corporation (XOM)

IFC Holdings Incorporated FL decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,189 shares of the oil and gas company’s stock after selling 389 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Exxon Mobil Corporation were worth $4,612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. boosted its position in Exxon Mobil Corporation by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 292 shares during the period. Horan Securities Inc. boosted its position in Exxon Mobil Corporation by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares during the period. Watermark Asset Management Inc. acquired a new position in Exxon Mobil Corporation during the 1st quarter valued at approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Exxon Mobil Corporation by 13.5% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 220 shares during the period. Finally, David R. Rahn & Associates Inc. acquired a new position in Exxon Mobil Corporation during the 2nd quarter valued at approximately $207,000. Institutional investors own 50.76% of the company’s stock.

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A number of research analysts recently issued reports on the company. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research report on Friday, October 6th. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Tuesday, August 29th. Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday, September 18th. J P Morgan Chase & Co restated a “neutral” rating and set a $80.00 price objective (down previously from $81.00) on shares of Exxon Mobil Corporation in a research report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price objective on Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Monday, August 21st. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.78.

In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by insiders.

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at $80.87 on Wednesday. The stock has a market capitalization of $342,650.00, a price-to-earnings ratio of 22.54, a PEG ratio of 1.69 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the previous year, the firm earned $0.63 earnings per share. research analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.81%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is 100.33%.

Exxon Mobil Corporation Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Institutional Ownership by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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