Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 34.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,408 shares of the oil and gas company’s stock after buying an additional 5,948 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Exxon Mobil Corporation were worth $1,890,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at about $101,000. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter valued at about $102,000. Riggs Asset Managment Co. Inc. increased its stake in shares of Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the period. Watermark Asset Management Inc. purchased a new position in Exxon Mobil Corporation during the first quarter worth about $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position 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 worth $152,000 after buying an additional 220 shares during the last quarter. Institutional investors own 50.77% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.03% during midday trading on Monday, hitting $78.23. The company had a trading volume of 8,861,845 shares. The firm has a market capitalization of $331.47 billion, a P/E ratio of 28.20 and a beta of 0.81. Exxon Mobil Corporation has a 1-year low of $78.12 and a 1-year high of $93.21. The stock has a 50 day moving average price of $80.50 and a 200 day moving average price of $81.75.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter last year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
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A number of research analysts recently issued reports on the company. Argus reiterated a “focus list” rating and set a $104.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a report on Thursday, May 18th. UBS AG set a $77.00 price target on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, April 25th. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Simmons raised their price target on Exxon Mobil Corporation from $76.00 to $81.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th. Finally, Hilliard Lyons assumed coverage on Exxon Mobil Corporation in a research note on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price target for the company. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and a consensus target price of $84.98.
In related news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction 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 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 can be accessed through this link. 0.08% of the stock is currently owned by insiders.
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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