CWM LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,115 shares of the oil and gas company’s stock after selling 2,885 shares during the period. Exxon Mobil Corporation accounts for 1.5% of CWM LLC’s holdings, making the stock its 13th largest position. CWM LLC’s holdings in Exxon Mobil Corporation were worth $30,122,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new stake in Exxon Mobil Corporation during the first quarter worth approximately $754,000. Rosenbaum Jay D. boosted its stake in Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after buying an additional 1,725 shares in the last quarter. Gyroscope Capital Management Group LLC boosted its stake in Exxon Mobil Corporation by 49.1% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 26,823 shares of the oil and gas company’s stock worth $2,421,000 after buying an additional 8,829 shares in the last quarter. Tyers Asset Management LLC bought a new stake in Exxon Mobil Corporation during the fourth quarter worth approximately $12,144,000. Finally, Total Investment Management Inc. bought a new stake in Exxon Mobil Corporation during the fourth quarter worth approximately $285,000. 50.59% of the stock is owned by institutional investors.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.96% on Friday, reaching $78.21. The company’s stock had a trading volume of 10,192,375 shares. Exxon Mobil Corporation has a 1-year low of $78.20 and a 1-year high of $93.22. The company’s 50 day moving average is $80.50 and its 200-day moving average is $81.75. The stock has a market cap of $331.38 billion, a PE ratio of 28.19 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. On average, equities analysts predict that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The business 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 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
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A number of analysts recently commented on the company. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC restated a “hold” rating and issued a $86.00 price target on shares of Exxon Mobil Corporation in a report on Wednesday, May 17th. BMO Capital Markets boosted their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a report on Thursday, June 15th. Finally, Vetr downgraded Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price objective on the stock. in a report on Tuesday, July 4th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.98.
In related news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation 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 sale, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.
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.
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