Fulton Bank N.A. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,873 shares of the oil and gas company’s stock after acquiring an additional 1,701 shares during the period. Fulton Bank N.A.’s holdings in Exxon Mobil were worth $9,421,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in XOM. X Square Capital LLC increased its position in shares of Exxon Mobil by 16.8% during the first quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock worth $339,000 after acquiring an additional 653 shares during the period. We Are One Seven LLC increased its position in shares of Exxon Mobil by 3.8% during the first quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock worth $1,372,000 after acquiring an additional 671 shares during the period. Lakeview Capital Partners LLC increased its position in shares of Exxon Mobil by 3.5% during the first quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock worth $1,499,000 after acquiring an additional 677 shares during the period. Shelton Capital Management increased its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Shelton Capital Management now owns 217,936 shares of the oil and gas company’s stock worth $18,228,000 after acquiring an additional 685 shares during the period. Finally, Hanson McClain Inc. increased its position in shares of Exxon Mobil by 2.5% during the first quarter. Hanson McClain Inc. now owns 28,543 shares of the oil and gas company’s stock worth $2,130,000 after acquiring an additional 686 shares during the period. Hedge funds and other institutional investors own 52.60% of the company’s stock.
A number of analysts have recently weighed in on XOM shares. Morningstar set a $85.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research report on Friday, May 18th. Royal Bank of Canada set a $100.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research report on Thursday, June 21st. Societe Generale reaffirmed a “buy” rating and set a $87.00 price objective on shares of Exxon Mobil in a research report on Wednesday, July 11th. Finally, HSBC reaffirmed a “buy” rating and set a $93.50 price objective on shares of Exxon Mobil in a research report on Monday, July 16th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $87.66.
NYSE:XOM opened at $82.32 on Friday. The firm has a market capitalization of $351.12 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. Exxon Mobil Co. has a 12 month low of $72.15 and a 12 month high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. analysts predict that Exxon Mobil Co. will post 4.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.
Exxon Mobil Company 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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