Headinvest LLC Reduces Stake in Exxon Mobil Corporation (XOM)

Headinvest LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,989 shares of the oil and gas company’s stock after selling 30 shares during the period. Exxon Mobil Corporation makes up 2.3% of Headinvest LLC’s holdings, making the stock its 6th largest position. Headinvest LLC’s holdings in Exxon Mobil Corporation were worth $6,861,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XOM. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Exxon Mobil Corporation during the fourth quarter worth about $101,000. Horan Securities Inc. acquired a new stake in Exxon Mobil Corporation during the first quarter worth about $102,000. Riggs Asset Managment Co. Inc. boosted its stake in Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after buying an additional 292 shares during the last quarter. Watermark Asset Management Inc. purchased a new stake in Exxon Mobil Corporation during the first quarter valued at $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares during the last quarter. Institutional investors own 50.77% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE XOM) traded up 0.50% during mid-day trading on Friday, reaching $76.64. 14,324,342 shares of the company’s stock traded hands. The firm has a market capitalization of $324.73 billion, a price-to-earnings ratio of 27.63 and a beta of 0.81. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The stock has a 50-day moving average price of $79.94 and a 200 day moving average price of $81.47.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. Analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.77 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.02%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.

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XOM has been the subject of several research reports. Morgan Stanley reissued a “sell” rating and set a $85.00 price target on shares of Exxon Mobil Corporation in a report on Monday, April 24th. UBS AG set a $77.00 price target on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil Corporation in a report on Tuesday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil Corporation in a report on Friday, April 28th. Finally, Scotiabank set a $85.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Monday, May 1st. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average 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 on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.08% of the company’s stock.

About Exxon Mobil Corporation

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.

Institutional Ownership by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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