EagleClaw Capital Managment LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.4% during the second quarter, HoldingsChannel reports. The fund owned 6,771 shares of the oil and gas company’s stock after selling 315 shares during the period. EagleClaw Capital Managment LLC’s holdings in Exxon Mobil were worth $427,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. AGF Investments Inc. grew its position in Exxon Mobil by 17.6% in the second quarter. AGF Investments Inc. now owns 1,065,358 shares of the oil and gas company’s stock valued at $67,203,000 after purchasing an additional 159,078 shares in the last quarter. Nottingham Advisors Inc. bought a new position in Exxon Mobil in the second quarter valued at $277,000. Coastal Bridge Advisors LLC grew its position in Exxon Mobil by 2.0% in the second quarter. Coastal Bridge Advisors LLC now owns 92,858 shares of the oil and gas company’s stock valued at $5,857,000 after purchasing an additional 1,865 shares in the last quarter. BerganKDV Wealth Management LLC grew its position in Exxon Mobil by 2.2% in the second quarter. BerganKDV Wealth Management LLC now owns 53,136 shares of the oil and gas company’s stock valued at $3,352,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Financial Architects Inc grew its position in Exxon Mobil by 21.9% in the second quarter. Financial Architects Inc now owns 30,565 shares of the oil and gas company’s stock valued at $1,928,000 after purchasing an additional 5,492 shares in the last quarter. Institutional investors and hedge funds own 51.73% of the company’s stock.
A number of research firms recently weighed in on XOM. raised their target price on shares of Exxon Mobil from $56.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, July 1st. Credit Suisse Group decreased their price objective on shares of Exxon Mobil from $73.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, August 2nd. HSBC decreased their price objective on shares of Exxon Mobil from $65.00 to $57.00 and set a “hold” rating for the company in a research report on Thursday, July 22nd. DZ Bank downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and decreased their price objective for the company from $67.00 to $62.50 in a research report on Tuesday, August 3rd. Finally, BMO Capital Markets assumed coverage on shares of Exxon Mobil in a research report on Monday, July 12th. They issued a “market perform” rating and a $69.00 price objective for the company. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $60.35.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Thursday, July 29th. The oil and gas company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.02 by $0.08. The company had revenue of $67.74 billion during the quarter, compared to analysts’ expectations of $63.96 billion. Exxon Mobil had a negative net margin of 6.07% and a positive return on equity of 3.98%. The business’s revenue for the quarter was up 107.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.70) EPS. On average, research analysts predict that Exxon Mobil Co. will post 4.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Thursday, August 12th. Exxon Mobil’s dividend payout ratio is -1,054.55%.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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