Triangle Securities Wealth Management lifted its position in Exxon Mobil Co. (NYSE:XOM) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,981 shares of the oil and gas company’s stock after buying an additional 4,258 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Triangle Securities Wealth Management’s holdings, making the stock its 26th largest position. Triangle Securities Wealth Management’s holdings in Exxon Mobil were worth $2,190,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in XOM. O Keefe Stevens Advisory Inc. bought a new stake in Exxon Mobil in the 2nd quarter valued at $788,000. New Capital Management LP boosted its stake in shares of Exxon Mobil by 141.9% in the 2nd quarter. New Capital Management LP now owns 2,656 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 1,558 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $3,015,000. Trinity Legacy Partners LLC lifted its position in Exxon Mobil by 188.1% during the 2nd quarter. Trinity Legacy Partners LLC now owns 18,087 shares of the oil and gas company’s stock worth $803,000 after buying an additional 11,808 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services lifted its position in Exxon Mobil by 11.9% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 56,333 shares of the oil and gas company’s stock worth $2,519,000 after buying an additional 6,003 shares in the last quarter. 52.23% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. HSBC reaffirmed a “neutral” rating and issued a $48.00 price target on shares of Exxon Mobil in a research note on Thursday, March 12th. Cfra cut shares of Exxon Mobil from a “hold” rating to a “sell” rating and raised their price target for the stock from $41.00 to $43.00 in a research note on Thursday, April 30th. Standpoint Research downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Argus downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Wells Fargo & Co raised their price target on Exxon Mobil from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $56.09.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.49. The business had revenue of $56.16 billion for the quarter, compared to analysts’ expectations of $58.25 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. Analysts expect that Exxon Mobil Co. will post -1.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 13th were issued a dividend of $0.87 per share. The ex-dividend date was Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 8.07%. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.
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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