OLD Second National Bank of Aurora lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,549 shares of the oil and gas company’s stock after selling 950 shares during the period. OLD Second National Bank of Aurora’s holdings in Exxon Mobil were worth $655,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of Exxon Mobil by 6.8% during the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after buying an additional 3,038,704 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Exxon Mobil by 1.2% during the 4th quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock valued at $530,295,000 after buying an additional 90,623 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Exxon Mobil by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock valued at $404,463,000 after buying an additional 76,282 shares in the last quarter. Strs Ohio boosted its holdings in shares of Exxon Mobil by 0.6% during the 4th quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock valued at $189,870,000 after buying an additional 17,205 shares in the last quarter. Finally, Korea Investment CORP boosted its holdings in shares of Exxon Mobil by 0.8% during the 4th quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock valued at $184,660,000 after buying an additional 21,800 shares in the last quarter. Hedge funds and other institutional investors own 54.52% of the company’s stock.
In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the transaction, the vice president now owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.05% of the stock is currently owned by insiders.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Exxon Mobil’s revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 3.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
A number of brokerages have recently commented on XOM. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. Royal Bank of Canada set a $90.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday. Tudor Pickering assumed coverage on shares of Exxon Mobil in a research note on Monday, April 8th. They issued a “hold” rating and a $82.49 price target on the stock. HSBC reiterated a “neutral” rating and issued a $86.50 price target on shares of Exxon Mobil in a research note on Thursday, May 23rd. Finally, Morgan Stanley dropped their price target on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $83.52.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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