Moller Financial Services lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,983 shares of the oil and gas company’s stock after purchasing an additional 300 shares during the quarter. Exxon Mobil Corporation accounts for approximately 0.3% of Moller Financial Services’ investment portfolio, making the stock its 29th largest position. Moller Financial Services’ holdings in Exxon Mobil Corporation were worth $644,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. grew its holdings in shares of Exxon Mobil Corporation by 27.2% in the second 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 in the last quarter. Horan Securities Inc. boosted its stake in Exxon Mobil Corporation by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares during the period. Watermark Asset Management Inc. purchased a new position in Exxon Mobil Corporation during the first quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Exxon Mobil Corporation by 13.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the period. Finally, David R. Rahn & Associates Inc. purchased a new position in Exxon Mobil Corporation during the second quarter worth $207,000. 50.76% of the stock is owned by hedge funds and other institutional investors.
XOM has been the subject of several recent analyst reports. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price objective for the company in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $76.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Friday, August 25th. Royal Bank Of Canada set a $90.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Thursday, October 26th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and an average target price of $85.78.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.
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Exxon Mobil Corporation (XOM) opened at $81.10 on Thursday. The company has a market cap of $343,630.00, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a fifty-two week low of $76.05 and a fifty-two 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. During the same period in the previous year, the company posted $0.63 earnings per share. equities analysts predict that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.80%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 100.33%.
About Exxon Mobil Corporation
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.
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