Greenwood Gearhart Inc. increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,695 shares of the oil and gas company’s stock after purchasing an additional 1,245 shares during the period. Exxon Mobil makes up approximately 2.5% of Greenwood Gearhart Inc.’s investment portfolio, making the stock its 10th largest holding. Greenwood Gearhart Inc.’s holdings in Exxon Mobil were worth $6,515,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of XOM. Strategic Wealth Advisors Group LLC bought a new stake in Exxon Mobil in the second quarter valued at approximately $17,210,000. Wealthsource Partners LLC raised its stake in Exxon Mobil by 13.8% in the second quarter. Wealthsource Partners LLC now owns 45,123 shares of the oil and gas company’s stock valued at $3,643,000 after buying an additional 5,487 shares during the period. Colony Group LLC raised its stake in Exxon Mobil by 242.6% in the second quarter. Colony Group LLC now owns 61,490 shares of the oil and gas company’s stock valued at $4,964,000 after buying an additional 43,544 shares during the period. Sterneck Capital Management LLC grew its position in shares of Exxon Mobil by 4.7% in the second quarter. Sterneck Capital Management LLC now owns 7,425 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 331 shares during the last quarter. Finally, First Fiduciary Investment Counsel Inc. grew its position in shares of Exxon Mobil by 2.0% in the second quarter. First Fiduciary Investment Counsel Inc. now owns 170,626 shares of the oil and gas company’s stock valued at $13,775,000 after purchasing an additional 3,305 shares during the last quarter. 51.18% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the company. J P Morgan Chase & Co set a $81.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.90 price target on the stock in a research report on Wednesday. Cowen reissued a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 19th. Piper Jaffray Companies set a $76.00 price target on Exxon Mobil and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Goldman Sachs Group set a $85.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Tuesday, October 3rd. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $86.20.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same period in the previous year, the business earned $0.63 EPS. research analysts forecast that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.70%. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders sold 62,013 shares of company stock valued at $5,084,352 over the last quarter. 0.08% of the stock is owned by company insiders.
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Exxon Mobil 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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