Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,388 shares of the oil and gas company’s stock after buying an additional 255 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Exxon Mobil Corporation were worth $2,328,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in Exxon Mobil Corporation during the fourth quarter worth about $101,000. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation during the first quarter worth about $102,000. Cordasco Financial Network raised 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 worth $191,000 after buying an additional 15 shares during the last quarter. Colorado Capital Management Inc. bought a new stake in Exxon Mobil Corporation during the first quarter worth about $235,000. Finally, Hartree Partners LP bought a new stake in Exxon Mobil Corporation during the fourth quarter worth about $237,000. Hedge funds and other institutional investors own 50.77% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up 0.51% on Friday, hitting $76.72. The stock had a trading volume of 6,844,875 shares. The company has a 50-day moving average of $79.36 and a 200-day moving average of $81.22. The company has a market cap of $325.07 billion, a P/E ratio of 27.66 and a beta of 0.81. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. During the same period in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 4.01%. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
A number of 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 research note on Thursday, May 18th. UBS AG set a $75.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Thursday, June 8th. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Piper Jaffray Companies restated a “hold” rating and set a $76.00 target price on shares of Exxon Mobil Corporation in a research report on Friday. Finally, Hilliard Lyons assumed coverage on Exxon Mobil Corporation in a research report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 target price for the company. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and an average target price of $84.56.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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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