Gotham Asset Management LLC purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 145,820 shares of the oil and gas company’s stock, valued at approximately $11,959,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Two Sigma Securities LLC bought a new position in shares of Exxon Mobil Corporation in the first quarter worth approximately $754,000. Holderness Investments Co. lifted its stake in shares of Exxon Mobil Corporation by 48.1% in the first quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock worth $3,962,000 after buying an additional 15,687 shares in the last quarter. Rosenbaum Jay D. lifted its stake in shares of 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. Pinnacle Advisory Group Inc. lifted its stake in shares of Exxon Mobil Corporation by 4.6% in the first quarter. Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company’s stock worth $1,673,000 after buying an additional 891 shares in the last quarter. Finally, Strategic Financial Group LLC lifted its stake in shares of Exxon Mobil Corporation by 21.9% in the first quarter. Strategic Financial Group LLC now owns 9,907 shares of the oil and gas company’s stock worth $812,000 after buying an additional 1,778 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.
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Exxon Mobil Corporation (NYSE XOM) traded down 0.02% during midday trading on Friday, hitting $80.07. 16,043,707 shares of the stock traded hands. The firm has a market cap of $339.27 billion, a PE ratio of 28.91 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.21. The stock has a 50-day moving average of $78.36 and a 200 day moving average of $80.83.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the consensus estimate 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 company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Corporation will post $3.44 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.
Several research analysts have recently issued reports on the stock. UBS AG set a $75.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Thursday, June 8th. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Vetr upgraded shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 price target on the stock in a research report on Wednesday. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, HSBC Holdings plc set a $81.50 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Seven analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $84.65.
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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