Castle Rock Wealth Management LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,837 shares of the oil and gas company’s stock after selling 170 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Exxon Mobil were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Meritage Portfolio Management grew its holdings in Exxon Mobil by 7.5% during the 4th quarter. Meritage Portfolio Management now owns 15,888 shares of the oil and gas company’s stock valued at $1,083,000 after buying an additional 1,107 shares in the last quarter. CWM LLC grew its holdings in Exxon Mobil by 7.7% during the 4th quarter. CWM LLC now owns 434,442 shares of the oil and gas company’s stock valued at $29,625,000 after buying an additional 31,204 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of Exxon Mobil by 0.7% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 112,164 shares of the oil and gas company’s stock valued at $7,648,000 after acquiring an additional 745 shares during the last quarter. Tandem Investment Advisors Inc. boosted its position in shares of Exxon Mobil by 2.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 9,753 shares of the oil and gas company’s stock valued at $665,000 after acquiring an additional 240 shares during the last quarter. Finally, Asset Planning Services Inc. LA ADV boosted its position in shares of Exxon Mobil by 2.5% during the 4th quarter. Asset Planning Services Inc. LA ADV now owns 54,502 shares of the oil and gas company’s stock valued at $3,716,000 after acquiring an additional 1,337 shares during the last quarter. 54.48% of the stock is owned by institutional investors.
A number of research analysts have recently commented on the company. BMO Capital Markets assumed coverage on Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 target price for the company. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. UBS Group lowered their target price 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. Independent Research set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday. 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. 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $81.50.
In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by company insiders.
Shares of XOM opened at $68.48 on Monday. The company has a market cap of $289.53 billion, a PE ratio of 13.89, a P/E/G ratio of 2.00 and a beta of 0.97. The business has a fifty day moving average of $71.92 and a 200 day moving average of $76.42. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last issued its quarterly 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 company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be given a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.08%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
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://technewsobserver.com/news/2019/09/02/exxon-mobil-co-nysexom-shares-sold-by-castle-rock-wealth-management-llc.html
2019-09-02 10:50:42Z
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