IFG Advisory LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,434 shares of the oil and gas company’s stock after selling 3,390 shares during the period. Exxon Mobil comprises approximately 1.0% of IFG Advisory LLC’s portfolio, making the stock its 20th largest position. IFG Advisory LLC’s holdings in Exxon Mobil were worth $4,668,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of XOM. Macroview Investment Management LLC acquired a new position in shares of Exxon Mobil during the first quarter worth $102,000. Corbyn Investment Management Inc. MD acquired a new position in shares of Exxon Mobil during the first quarter worth $110,000. Clearwater Capital Advisors LLC acquired a new position in shares of Exxon Mobil during the first quarter worth $122,000. Trilogy Capital Inc. acquired a new position in shares of Exxon Mobil during the first quarter worth $149,000. Finally, Winfield Associates Inc. acquired a new position in shares of Exxon Mobil during the second quarter worth $160,000. Institutional investors and hedge funds own 52.43% of the company’s stock.
In other news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.
NYSE XOM opened at $80.87 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30. The firm has a market capitalization of $347.43 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.32 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.56%. The business had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The business’s revenue was up 25.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 4.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.06%. Exxon Mobil’s payout ratio is 91.36%.
A number of brokerages recently commented on XOM. Royal Bank of Canada reiterated a “buy” rating and set a $105.00 target price on shares of Exxon Mobil in a research note on Wednesday, August 8th. Jefferies Financial Group restated a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research note on Friday, September 28th. Macquarie restated a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Friday, October 19th. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, August 28th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $87.27.
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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 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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