Warren Averett Asset Management LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 24,877 shares of the oil and gas company’s stock after buying an additional 831 shares during the period. Warren Averett Asset Management LLC’s holdings in Exxon Mobil were worth $2,058,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Grassi Investment Management raised its position in Exxon Mobil by 0.6% during the second quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock valued at $7,744,000 after acquiring an additional 600 shares in the last quarter. Outfitter Advisors LTD. raised its position in Exxon Mobil by 1.4% during the second quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock valued at $3,939,000 after acquiring an additional 650 shares in the last quarter. X Square Capital LLC raised its position in Exxon Mobil by 16.8% during the first quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock valued at $339,000 after acquiring an additional 653 shares in the last quarter. Cue Financial Group Inc. raised its position in Exxon Mobil by 4.8% during the second quarter. Cue Financial Group Inc. now owns 14,267 shares of the oil and gas company’s stock valued at $1,180,000 after acquiring an additional 657 shares in the last quarter. Finally, We Are One Seven LLC raised its position in Exxon Mobil by 3.8% during the first quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock valued at $1,372,000 after acquiring an additional 671 shares in the last quarter. 52.43% of the stock is owned by institutional investors.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. During the same quarter last year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 4.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.06%. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.
Several equities analysts recently weighed in on XOM shares. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Monday, October 1st. HSBC reaffirmed a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 12th. BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Tuesday, August 28th. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $93.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 11th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.27.
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Exxon Mobil 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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