Westwood Management Corp IL continued to hold its position in Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,312 shares of the oil and gas company’s stock at the close of the second quarter. Westwood Management Corp IL’s holdings in Exxon Mobil Corporation were worth $752,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. Cordasco Financial Network lifted its holdings in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 15 shares during the period. Horizon Investment Services LLC lifted its holdings in Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after acquiring an additional 20 shares during the period. LifePlan Financial Group Inc lifted its holdings in Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock valued at $370,000 after acquiring an additional 24 shares during the period. Nadler Financial Group Inc. lifted its holdings in Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock valued at $1,301,000 after acquiring an additional 40 shares during the period. Finally, Harwood Advisory Group LLC lifted its holdings in Exxon Mobil Corporation by 0.5% in the second quarter. Harwood Advisory Group LLC now owns 8,271 shares of the oil and gas company’s stock valued at $668,000 after acquiring an additional 40 shares during the period. 50.74% of the stock is currently owned by institutional investors.
XOM has been the topic of several recent research reports. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price objective on the stock in a research note on Monday, June 5th. Cowen and Company reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil Corporation in a research note on Tuesday. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada cut Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $96.00 to $95.00 in a research report on Thursday, July 6th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $84.65.
Exxon Mobil Corporation (NYSE XOM) opened at 79.92 on Friday. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The stock has a 50 day moving average price of $78.37 and a 200 day moving average price of $80.77. The firm has a market cap of $338.63 billion, a PE ratio of 28.81 and a beta of 0.82.
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). 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 during the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
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Exxon Mobil Corporation Profile
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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