Schmidt P J Investment Management Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,111 shares of the oil and gas company’s stock after selling 1,442 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Exxon Mobil were worth $989,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of XOM. TFO TDC LLC grew its position in Exxon Mobil by 137.4% in the 1st quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Reitz Capital Advisors LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $33,000. PrairieView Partners LLC acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $37,000. Capstone Financial Group Inc. lifted its position in shares of Exxon Mobil by 49.0% during the 2nd quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock worth $48,000 after buying an additional 367 shares during the period. Finally, Avondale Wealth Management acquired a new stake in Exxon Mobil in the 1st quarter valued at $52,000. 52.16% of the stock is owned by institutional investors.
XOM has been the subject of a number of analyst reports. SunTrust Banks began coverage on Exxon Mobil in a report on Thursday, July 23rd. They set a “hold” rating and a $41.00 price objective for the company. BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. Piper Sandler lifted their price objective on Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Bank of America restated a “buy” rating and set a $70.00 target price on shares of Exxon Mobil in a report on Monday, May 4th. Finally, Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. Five equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $53.17.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The company had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was down 52.8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post -0.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be issued a dividend of $0.87 per share. The ex-dividend date is Wednesday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 8.27%. Exxon Mobil’s payout ratio is 154.67%.
About Exxon Mobil
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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