Comprehensive Portfolio Management LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,643 shares of the oil and gas company’s stock after purchasing an additional 258 shares during the quarter. Comprehensive Portfolio Management LLC’s holdings in Exxon Mobil were worth $969,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. JGP Wealth Management LLC increased its position in shares of Exxon Mobil by 2.9% during the 2nd quarter. JGP Wealth Management LLC now owns 69,501 shares of the oil and gas company’s stock worth $5,326,000 after purchasing an additional 1,951 shares during the last quarter. KG&L Capital Management LLC boosted its stake in shares of Exxon Mobil by 12.2% during the 2nd quarter. KG&L Capital Management LLC now owns 60,599 shares of the oil and gas company’s stock worth $4,643,000 after acquiring an additional 6,583 shares during the period. H&H International Investment LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $19,924,000. Lantz Financial LLC boosted its stake in shares of Exxon Mobil by 1.3% during the 2nd quarter. Lantz Financial LLC now owns 19,893 shares of the oil and gas company’s stock worth $1,506,000 after acquiring an additional 256 shares during the period. Finally, Spirit of America Management Corp NY boosted its stake in shares of Exxon Mobil by 8.9% during the 2nd quarter. Spirit of America Management Corp NY now owns 80,545 shares of the oil and gas company’s stock worth $6,172,000 after acquiring an additional 6,585 shares during the period. 54.49% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 3.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.12%. Exxon Mobil’s payout ratio is 70.59%.
Several research analysts have recently commented on the company. Morgan Stanley reduced their target price on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Bank of America restated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Monday, August 5th. Berenberg Bank restated a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Wednesday, August 7th. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, HSBC reiterated a “neutral” rating and set a $86.50 target price on shares of Exxon Mobil in a research report on Thursday, May 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.59.
About Exxon Mobil
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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https://techknowbits.com/2019/08/16/exxon-mobil-co-nysexom-shares-purchased-by-comprehensive-portfolio-management-llc.html
2019-08-16 15:01:29Z
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