10 15 Associates Inc. Increases Position in Exxon Mobil Co. (NYSE:XOM) - TechNewsObserver

10 15 Associates Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,921 shares of the oil and gas company’s stock after purchasing an additional 1,686 shares during the quarter. 10 15 Associates Inc.’s holdings in Exxon Mobil were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Massey Quick Simon & CO. LLC raised its position in Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares in the last quarter. Asset Planning Services Ltd. raised its position in Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. INR Advisory Services LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $43,000. Evolution Wealth Advisors LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $45,000. Finally, PARK CIRCLE Co raised its position in Exxon Mobil by 100.0% during the second quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 400 shares in the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

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XOM stock opened at $72.64 on Friday. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a market capitalization of $304.34 billion, a PE ratio of 16.92, a P/E/G ratio of 2.15 and a beta of 0.99. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average price is $70.46 and its 200 day moving average price is $75.97.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue was down 6.0% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post 3.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 4.79%. Exxon Mobil’s payout ratio is 70.59%.

A number of research firms have recently commented on XOM. UBS Group cut their price objective on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. HSBC restated a “neutral” rating and issued a $86.50 price objective on shares of Exxon Mobil in a research report on Thursday, May 23rd. Barclays initiated coverage on Exxon Mobil in a research report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective for the company. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. Finally, Berenberg Bank reiterated a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $81.13.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the 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 completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by company insiders.

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://technewsobserver.com/news/2019/09/14/10-15-associates-inc-acquires-1686-shares-of-exxon-mobil-co-nysexom-updated.html

2019-09-14 12:00:51Z
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