America First Investment Advisors LLC Sells 8291 Shares of Exxon Mobil Co. (NYSE:XOM) - Slater Sentinel

America First Investment Advisors LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 87.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,177 shares of the oil and gas company’s stock after selling 8,291 shares during the period. America First Investment Advisors LLC’s holdings in Exxon Mobil were worth $90,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Canandaigua National Bank & Trust Co. raised its position in shares of Exxon Mobil by 1.3% during the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock valued at $20,116,000 after buying an additional 3,357 shares during the last quarter. Krueger & Catalano Capital Partners LLC boosted its stake in Exxon Mobil by 61.2% during the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock worth $913,000 after buying an additional 4,525 shares during the period. Chesley Taft & Associates LLC boosted its stake in Exxon Mobil by 0.8% during the second quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock worth $13,548,000 after buying an additional 1,440 shares during the period. Mount Vernon Associates Inc. MD boosted its stake in Exxon Mobil by 83.4% during the second quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock worth $1,029,000 after buying an additional 6,103 shares during the period. Finally, Alpha Cubed Investments LLC boosted its stake in Exxon Mobil by 2.0% during the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock worth $19,158,000 after buying an additional 4,922 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

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A number of analysts have recently issued reports on XOM shares. Barclays started coverage on shares of Exxon Mobil in a research note on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price for the company. Morgan Stanley lowered their target price on shares of 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. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. BMO Capital Markets initiated coverage on Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price objective for the company. Finally, Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $81.50.

NYSE XOM traded up $0.98 during mid-day trading on Thursday, hitting $70.27. The stock had a trading volume of 9,588,827 shares, compared to its average volume of 11,498,939. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The stock has a market capitalization of $290.08 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.00 and a beta of 0.99. The firm’s 50 day moving average is $70.96 and its 200 day moving average is $76.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current 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 given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.

In other 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 sale, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate 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://slatersentinel.com/news/2019/09/06/america-first-investment-advisors-llc-sells-8291-shares-of-exxon-mobil-co-nysexom.html

2019-09-06 04:42:55Z
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