Foster Dykema Cabot & Co. Inc. MA decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,808 shares of the oil and gas company's stock after selling 266 shares during the period. Foster Dykema Cabot & Co. Inc. MA's holdings in Exxon Mobil were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Bell Bank boosted its position in shares of Exxon Mobil by 1.9% during the 2nd quarter. Bell Bank now owns 115,537 shares of the oil and gas company's stock valued at $9,895,000 after purchasing an additional 2,146 shares in the last quarter. McAdam LLC boosted its position in shares of Exxon Mobil by 7.1% during the 2nd quarter. McAdam LLC now owns 7,988 shares of the oil and gas company's stock valued at $684,000 after purchasing an additional 528 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Exxon Mobil by 0.3% in the second quarter. Global Retirement Partners LLC now owns 51,444 shares of the oil and gas company's stock worth $4,406,000 after buying an additional 156 shares during the period. Penn Davis Mcfarland Inc. acquired a new position in shares of Exxon Mobil in the second quarter worth about $201,000. Finally, Capital Advisors Inc. OK boosted its holdings in shares of Exxon Mobil by 2.6% in the second quarter. Capital Advisors Inc. OK now owns 690,419 shares of the oil and gas company's stock worth $59,127,000 after buying an additional 17,168 shares during the period. Institutional investors own 56.84% of the company's stock.
Get Exxon Mobil alerts:Insider Activity at Exxon Mobil
In other news, Director Jeffrey W. Ubben purchased 960,000 shares of the company's stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares in the company, valued at approximately $100,635,870. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company's stock, valued at $2,635,839.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the company's stock in a transaction dated Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the transaction, the director now owns 1,137,000 shares of the company's stock, valued at $100,635,870. The disclosure for this purchase can be found here. Insiders own 0.04% of the company's stock.
Wall Street Analyst Weigh In
XOM has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, August 1st. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday, June 8th. Credit Suisse Group reiterated an "outperform" rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, August 11th. Barclays raised their target price on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an "overweight" rating in a report on Tuesday, May 31st. Finally, Morgan Stanley raised their target price on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $96.69.Exxon Mobil Price Performance
Shares of XOM opened at $83.98 on Tuesday. The firm has a market cap of $350.00 billion, a PE ratio of 9.19, a PEG ratio of 0.29 and a beta of 1.07. The firm's 50 day moving average price is $93.03 and its 200 day moving average price is $89.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil Co. has a twelve month low of $57.96 and a twelve month high of $105.57.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.34. The firm had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company's revenue for the quarter was up 70.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.19%. The ex-dividend date was Thursday, August 11th. Exxon Mobil's payout ratio is presently 38.51%.
Exxon Mobil Company Profile
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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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