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 analysts have recently weighed in 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 report on Friday, July 12th. Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 target price on shares of Exxon Mobil in a report on Friday, August 2nd. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “hold” rating in a report on Sunday, August 4th. Bank of America reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Monday, August 5th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $82.59.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $69.09 billion for 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 company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Equities analysts forecast that Exxon Mobil Co. will post 3.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.
In related news, VP Robert N. Schleckser sold 9,345 shares of the company’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 value of $661,999.80. Following the sale, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
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 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://mayfieldrecorder.com/2019/08/18/founders-financial-securities-llc-has-1-57-million-stock-holdings-in-exxon-mobil-co-nysexom.html
2019-08-18 13:24:11Z
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