Grant GrossMendelsohn LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,974 shares of the oil and gas company’s stock after buying an additional 212 shares during the period. Exxon Mobil comprises about 0.8% of Grant GrossMendelsohn LLC’s holdings, making the stock its 29th biggest position. Grant GrossMendelsohn LLC’s holdings in Exxon Mobil were worth $1,028,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the stock. Greatmark Investment Partners Inc. grew its holdings in Exxon Mobil by 3.2% during the 1st quarter. Greatmark Investment Partners Inc. now owns 28,194 shares of the oil and gas company’s stock valued at $1,574,000 after buying an additional 875 shares in the last quarter. Morris Retirement Advisors LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $240,000. Ford Financial Group LLC raised its stake in shares of Exxon Mobil by 9.1% during the first quarter. Ford Financial Group LLC now owns 7,959 shares of the oil and gas company’s stock worth $444,000 after acquiring an additional 662 shares in the last quarter. Scott & Selber Inc. raised its position in Exxon Mobil by 6.7% in the 1st quarter. Scott & Selber Inc. now owns 16,443 shares of the oil and gas company’s stock worth $918,000 after purchasing an additional 1,031 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of Exxon Mobil by 12.0% in the 1st quarter. Atlantic Union Bankshares Corp now owns 50,914 shares of the oil and gas company’s stock valued at $2,843,000 after acquiring an additional 5,442 shares during the last quarter. 50.90% of the stock is currently owned by institutional investors.
In other news, Director Michael J. Angelakis acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The shares were purchased at an average price of $57.16 per share, for a total transaction of $1,429,000.00. Following the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $457,280. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is owned by insiders.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.06. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business had revenue of $59.15 billion for the quarter, compared to analysts’ expectations of $55.36 billion. During the same period in the previous year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.73%. Exxon Mobil’s payout ratio is currently 154.67%.
A number of research analysts have commented on the company. Evercore ISI initiated coverage on Exxon Mobil in a report on Tuesday, February 23rd. They issued an “inline” rating and a $48.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 target price on shares of Exxon Mobil in a research note on Tuesday, March 16th. Bank of America reaffirmed a “buy” rating and issued a $90.00 price target on shares of Exxon Mobil in a research report on Friday, April 30th. Royal Bank of Canada set a $60.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Friday, April 30th. Finally, Mizuho increased their price objective on Exxon Mobil from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, May 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.15.
Exxon Mobil Company Profile
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; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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