Wright Investors Service Inc. Purchases 501 Shares of Exxon Mobil Co. (NYSE:XOM)
Wright Investors Service Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,054 shares of the oil and gas company’s stock after purchasing an additional 501 shares during the period. Wright Investors Service Inc.’s holdings in Exxon Mobil were worth $923,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Kavar Capital Partners LLC grew its holdings in Exxon Mobil by 0.5% during the 2nd quarter. Kavar Capital Partners LLC now owns 36,659 shares of the oil and gas company’s stock valued at $2,809,000 after purchasing an additional 198 shares during the last quarter. Watch Point Trust Co grew its stake in Exxon Mobil by 7.1% in the 2nd quarter. Watch Point Trust Co now owns 27,599 shares of the oil and gas company’s stock worth $2,115,000 after acquiring an additional 1,825 shares in the last quarter. Executive Wealth Management LLC grew its stake in Exxon Mobil by 88.5% in the 2nd quarter. Executive Wealth Management LLC now owns 9,916 shares of the oil and gas company’s stock worth $760,000 after acquiring an additional 4,656 shares in the last quarter. TRUE Private Wealth Advisors grew its stake in Exxon Mobil by 10.0% in the 2nd quarter. TRUE Private Wealth Advisors now owns 27,898 shares of the oil and gas company’s stock worth $2,137,000 after acquiring an additional 2,531 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management grew its stake in Exxon Mobil by 0.8% in the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 48,888 shares of the oil and gas company’s stock worth $3,746,000 after acquiring an additional 388 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.
A number of equities analysts have commented on the stock. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 target price on shares of Exxon Mobil in a research note on Friday, August 2nd. Barclays initiated coverage on shares of Exxon Mobil in a research report on Monday. They set an “equal weight” rating and a $73.00 target price for the company. Goldman Sachs Group reissued a “hold” rating and set a $80.00 target price on shares of Exxon Mobil in a research report on Monday, April 29th. Berenberg Bank reissued a “hold” rating and set a $76.00 target price on shares of Exxon Mobil in a research report on Wednesday, August 7th. Finally, Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company’s stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $82.35.
Shares of NYSE XOM traded up $0.07 during midday trading on Thursday, reaching $69.79. The company had a trading volume of 372,628 shares, compared to its average volume of 12,464,065. The business’s 50-day simple moving average is $73.45 and its 200 day simple moving average is $76.73. The stock has a market cap of $293.85 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.00 and a beta of 0.97. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. Analysts predict that Exxon Mobil Co. will post 3.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.99%. Exxon Mobil’s payout ratio is currently 70.59%.
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 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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