Exxonmobil Investment Management Inc. TX Cuts Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Exxonmobil Investment Management Inc. TX reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,330 shares of the casino operator’s stock after selling 2,325 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Wynn Resorts, Limited were worth $2,056,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WYNN. MARSHALL WACE ASIA Ltd bought a new position in shares of Wynn Resorts, Limited during the first quarter valued at approximately $1,893,000. FMR LLC raised its stake in Wynn Resorts, Limited by 98.7% in the fourth quarter. FMR LLC now owns 372,804 shares of the casino operator’s stock valued at $32,251,000 after buying an additional 185,217 shares during the last quarter. M&T Bank Corp raised its stake in Wynn Resorts, Limited by 1.3% in the first quarter. M&T Bank Corp now owns 3,883 shares of the casino operator’s stock valued at $445,000 after buying an additional 48 shares during the last quarter. Bank of Montreal Can raised its stake in Wynn Resorts, Limited by 40.0% in the first quarter. Bank of Montreal Can now owns 42,685 shares of the casino operator’s stock valued at $4,891,000 after buying an additional 12,193 shares during the last quarter. Finally, Texas Yale Capital Corp. acquired a new stake in Wynn Resorts, Limited during the first quarter valued at about $229,000. 75.33% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts, Limited (WYNN) opened at 127.51 on Friday. The firm has a 50 day moving average of $133.80 and a 200 day moving average of $117.30. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $139.67. The firm has a market capitalization of $13.00 billion, a PE ratio of 47.72 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 205.76% and a net margin of 5.02%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the company earned $1.07 earnings per share. The firm’s revenue was up 44.5% compared to the same quarter last year. Equities analysts forecast that Wynn Resorts, Limited will post $4.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.57%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is 74.91%.

TRADEMARK VIOLATION NOTICE: This article was originally posted by [[site]] and is the property of of [[site]]. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at [[permalink]].

WYNN has been the subject of several recent research reports. Aegis reissued a “buy” rating and issued a $121.00 price objective on shares of Wynn Resorts, Limited in a research report on Saturday, April 22nd. Union Gaming Research upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. UBS AG upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Vetr upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $119.59 price objective on the stock in a research note on Monday, April 17th. Finally, Zacks Investment Research upgraded shares of Wynn Resorts, Limited from a “strong sell” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Wynn Resorts, Limited has an average rating of “Hold” and a consensus target price of $125.62.

In other news, President Matt Maddox sold 44,309 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $134.35, for a total transaction of $5,952,914.15. Following the completion of the sale, the president now owns 344,895 shares in the company, valued at $46,336,643.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patricia Mulroy sold 2,226 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total value of $285,106.08. Following the sale, the director now owns 8,011 shares of the company’s stock, valued at approximately $1,026,048.88. The disclosure for this sale can be found here. Insiders have sold 73,309 shares of company stock valued at $9,693,891 over the last 90 days. 13.20% of the stock is owned by corporate insiders.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.