Founders Financial Securities LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 26.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,495 shares of the oil and gas company’s stock after selling 7,479 shares during the quarter. Founders Financial Securities LLC’s holdings in Exxon Mobil were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Massey Quick Simon & CO. LLC boosted its position in shares of Exxon Mobil by 625.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 469 shares in the last quarter. Asset Planning Services Ltd. boosted its position in shares of Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 496 shares in the last quarter. INR Advisory Services LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $43,000. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $45,000. Finally, Interactive Financial Advisors acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $65,000. 54.49% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on XOM shares. Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research report on Friday, August 2nd. Bank of America reaffirmed a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research report on Monday, August 5th. Goldman Sachs Group reissued a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a report on Monday, April 29th. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and reduced their target price for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $82.59.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 3.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.10%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.
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/2019/08/18/founders-financial-securities-llc-has-1-57-million-holdings-in-exxon-mobil-co-nysexom.html
2019-08-18 13:23:52Z
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