HT Partners LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,210 shares of the oil and gas company’s stock after purchasing an additional 478 shares during the period. Exxon Mobil makes up 0.2% of HT Partners LLC’s portfolio, making the stock its 19th biggest position. HT Partners LLC’s holdings in Exxon Mobil were worth $399,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Independent Investors Inc. lifted its stake in Exxon Mobil by 0.7% in the 4th quarter. Independent Investors Inc. now owns 73,411 shares of the oil and gas company’s stock worth $5,005,000 after purchasing an additional 500 shares in the last quarter. Peachtree Investment Advisors Inc. lifted its stake in Exxon Mobil by 7.4% in the 4th quarter. Peachtree Investment Advisors Inc. now owns 10,096 shares of the oil and gas company’s stock worth $688,000 after purchasing an additional 695 shares in the last quarter. Kistler Tiffany Companies LLC lifted its stake in Exxon Mobil by 10.8% in the 4th quarter. Kistler Tiffany Companies LLC now owns 62,049 shares of the oil and gas company’s stock worth $4,231,000 after purchasing an additional 6,065 shares in the last quarter. Northside Capital Management LLC lifted its stake in Exxon Mobil by 11.4% in the 4th quarter. Northside Capital Management LLC now owns 6,831 shares of the oil and gas company’s stock worth $466,000 after purchasing an additional 699 shares in the last quarter. Finally, Cahaba Wealth Management Inc. lifted its stake in Exxon Mobil by 70.8% in the 4th quarter. Cahaba Wealth Management Inc. now owns 7,189 shares of the oil and gas company’s stock worth $490,000 after purchasing an additional 2,980 shares in the last quarter. 54.49% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Goldman Sachs Group reissued a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a research note on Monday, April 29th. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price target for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Bank of America reaffirmed a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.59.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 3.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.10%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
In other Exxon Mobil 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 value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
About Exxon Mobil
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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