VERITY Wealth Advisors trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,266 shares of the oil and gas company’s stock after selling 1,481 shares during the quarter. Exxon Mobil comprises 1.6% of VERITY Wealth Advisors’ portfolio, making the stock its 16th biggest holding. VERITY Wealth Advisors’ holdings in Exxon Mobil were worth $1,630,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Sigma Investment Counselors Inc. lifted its stake in shares of Exxon Mobil by 0.4% in the second quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock valued at $2,745,000 after buying an additional 142 shares during the period. Riverstone Advisors LLC lifted its stake in shares of Exxon Mobil by 0.5% in the second quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock valued at $2,349,000 after buying an additional 142 shares during the period. Alpha Windward LLC lifted its stake in shares of Exxon Mobil by 3.1% in the second quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 144 shares during the period. Saratoga Research & Investment Management lifted its stake in shares of Exxon Mobil by 4.1% in the second quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 145 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 0.3% in the second quarter. Sequoia Financial Advisors LLC now owns 53,396 shares of the oil and gas company’s stock valued at $4,092,000 after buying an additional 149 shares during the period. 54.48% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. Exxon Mobil’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 3.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 70.59%.
Several equities research analysts recently weighed in on XOM shares. HSBC reiterated a “neutral” rating and issued a $86.50 target price on shares of Exxon Mobil in a research note on Thursday, May 23rd. Bank of America reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research note on Monday, August 5th. Barclays began coverage on shares of Exxon Mobil in a research note on Monday. They issued an “equal weight” rating and a $73.00 target price for the company. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research note on Sunday, August 4th. Finally, Berenberg Bank restated a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $82.35.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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