Day & Ennis LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,367 shares of the oil and gas company’s stock after buying an additional 568 shares during the quarter. Exxon Mobil Corporation makes up approximately 3.2% of Day & Ennis LLC’s investment portfolio, making the stock its 6th largest position. Day & Ennis LLC’s holdings in Exxon Mobil Corporation were worth $3,392,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Horan Securities Inc. acquired a new position in Exxon Mobil Corporation in the 1st quarter valued at $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Exxon Mobil Corporation by 13.5% in 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 last quarter. Cordasco Financial Network raised its stake in Exxon Mobil Corporation by 0.6% in the 1st quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 15 shares during the last quarter. Diversified Portfolios Inc. acquired a new position in Exxon Mobil Corporation in the 1st quarter valued at $224,000. Finally, Colorado Capital Management Inc. acquired a new position in Exxon Mobil Corporation in the 1st quarter valued at $235,000. 50.82% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. UBS AG raised Exxon Mobil Corporation from a “sell” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $76.00 in a research note on Wednesday. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price objective for the company. in a research note on Monday, September 4th. Jefferies Group LLC set a $81.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, Piper Jaffray Companies set a $76.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has an average rating of “Hold” and a consensus price target of $84.41.
In other news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.
Shares of Exxon Mobil Corporation (XOM) traded down 0.27% during trading on Friday, reaching $78.82. The company had a trading volume of 8,436,033 shares. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The firm has a market capitalization of $333.97 billion, a price-to-earnings ratio of 28.41 and a beta of 0.82. The firm has a 50-day moving average of $78.44 and a 200 day moving average of $80.89.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.91%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
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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