Sippican Capital Advisors lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,610 shares of the oil and gas company’s stock after selling 325 shares during the period. Exxon Mobil Corporation comprises 1.5% of Sippican Capital Advisors’ portfolio, making the stock its 21st largest position. Sippican Capital Advisors’ holdings in Exxon Mobil Corporation were worth $1,422,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Meridian Wealth Management LLC purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $1,065,000. First Allied Advisory Services Inc. increased its position in shares of Exxon Mobil Corporation by 3.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 133,058 shares of the oil and gas company’s stock worth $12,010,000 after buying an additional 4,890 shares during the period. Lyell Wealth Management LP bought a new position in Exxon Mobil Corporation during the fourth quarter worth about $3,486,000. Shelton Capital Management increased its position in Exxon Mobil Corporation by 12.4% in the fourth quarter. Shelton Capital Management now owns 219,922 shares of the oil and gas company’s stock worth $19,850,000 after buying an additional 24,205 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Exxon Mobil Corporation by 9,075.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,034,518 shares of the oil and gas company’s stock worth $1,034,000 after buying an additional 1,023,243 shares during the last quarter. 50.77% of the stock is currently owned by institutional investors.
Shares of Exxon Mobil Corporation (XOM) opened at 76.64 on Friday. The stock has a market capitalization of $324.73 billion, a PE ratio of 27.63 and a beta of 0.81. The stock’s 50 day moving average price is $79.94 and its 200 day moving average price is $81.47. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
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A number of brokerages have commented on XOM. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Bank of America Corporation upgraded shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $95.00 to $100.00 in a research note on Thursday, May 11th. Scotiabank upgraded shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and upped their target price for the stock from $85.00 to $86.00 in a research note on Monday, June 5th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price for the company. in a research note on Tuesday, June 6th. Finally, Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $84.94.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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