Harfst & Associates Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,541 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Harfst & Associates Inc.’s holdings in Exxon Mobil were worth $271,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in XOM. Stumpf Capital Management LLC purchased a new position in Exxon Mobil during the 2nd quarter worth $479,000. Westwood Holdings Group Inc. grew its stake in Exxon Mobil by 7.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 184,723 shares of the oil and gas company’s stock valued at $14,156,000 after acquiring an additional 13,313 shares during the last quarter. Advisors Management Group Inc. ADV grew its stake in Exxon Mobil by 2.0% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 9,784 shares of the oil and gas company’s stock valued at $750,000 after acquiring an additional 195 shares during the last quarter. Vivaldi Capital Management LLC grew its stake in Exxon Mobil by 8.1% in the 2nd quarter. Vivaldi Capital Management LLC now owns 16,218 shares of the oil and gas company’s stock valued at $1,243,000 after acquiring an additional 1,217 shares during the last quarter. Finally, Security National Bank of SO Dak grew its stake in Exxon Mobil by 15.2% in the 2nd quarter. Security National Bank of SO Dak now owns 18,546 shares of the oil and gas company’s stock valued at $1,421,000 after acquiring an additional 2,450 shares during the last quarter. Hedge funds and other institutional investors own 54.42% of the company’s stock.
In other news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is currently owned by company insiders.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter last year, the company earned $0.92 earnings per share. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 3.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s payout ratio is currently 70.59%.
A number of brokerages recently commented on XOM. Berenberg Bank reissued a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil in a research note on Wednesday, August 7th. HSBC reaffirmed a “neutral” rating and set a $86.50 price target on shares of Exxon Mobil in a research note on Thursday, May 23rd. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research note on Sunday, August 4th. UBS Group decreased their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Finally, Barclays assumed coverage on shares of Exxon Mobil in a research note on Monday, August 19th. They set an “equal weight” rating and a $73.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $81.13.
Exxon Mobil Company Profile
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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