RFG Advisory LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 47.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 29,051 shares of the oil and gas company’s stock after buying an additional 9,326 shares during the quarter. RFG Advisory LLC’s holdings in Exxon Mobil were worth $2,230,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. raised its holdings in shares of Exxon Mobil by 1.3% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock worth $20,116,000 after purchasing an additional 3,357 shares during the period. Krueger & Catalano Capital Partners LLC raised its holdings in shares of Exxon Mobil by 61.2% in the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock worth $913,000 after purchasing an additional 4,525 shares during the period. Chesley Taft & Associates LLC raised its holdings in shares of Exxon Mobil by 0.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock worth $13,548,000 after purchasing an additional 1,440 shares during the period. Mount Vernon Associates Inc. MD raised its holdings in shares of Exxon Mobil by 83.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock worth $1,029,000 after purchasing an additional 6,103 shares during the period. Finally, Alpha Cubed Investments LLC raised its holdings in shares of Exxon Mobil by 2.0% in the 2nd quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock worth $19,158,000 after purchasing an additional 4,922 shares during the period. 54.42% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on XOM shares. Berenberg Bank reaffirmed a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. Bank of America reissued a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a report on Friday. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Royal Bank of Canada reissued a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a report on Friday, August 2nd. Finally, UBS Group lowered their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $81.13.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 3.14 EPS for the current year.
The company 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. The ex-dividend date was Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.03%. Exxon Mobil’s dividend payout ratio (DPR) is currently 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by insiders.
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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