Two Sigma Securities LLC acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,195 shares of the oil and gas company’s stock, valued at approximately $754,000.
A number of other hedge funds also recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $101,000. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation during the first quarter valued at approximately $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares in the last quarter. Cordasco Financial Network increased its stake in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares in the last quarter. Finally, Diversified Portfolios Inc. bought a new stake in Exxon Mobil Corporation during the first quarter valued at approximately $224,000. 50.59% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Corporation (XOM) traded down 0.96% during midday trading on Friday, hitting $78.21. The stock had a trading volume of 10,192,375 shares. The stock has a market cap of $331.38 billion, a PE ratio of 28.19 and a beta of 0.81. The firm has a 50 day moving average price of $80.50 and a 200 day moving average price of $81.75. Exxon Mobil Corporation has a one year low of $78.20 and a one year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
XOM has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $95.00 to $100.00 in a research note on Thursday, May 11th. Scotiabank raised Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and increased their target price for the stock from $85.00 to $86.00 in a research note on Monday, June 5th. Vetr downgraded Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price for the company. in a research note on Tuesday, June 6th. Finally, Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $84.98.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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