Hochman Cole Investment Advisors Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,690 shares of the oil and gas company’s stock after selling 315 shares during the period. Hochman Cole Investment Advisors Inc.’s holdings in Exxon Mobil were worth $568,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Eagle Investment Management LLC increased its position in shares of Exxon Mobil by 38.2% during the first quarter. First Eagle Investment Management LLC now owns 27,551,706 shares of the oil and gas company’s stock valued at $1,046,138,000 after acquiring an additional 7,611,498 shares in the last quarter. State Street Corp grew its position in Exxon Mobil by 2.1% in the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock worth $7,840,960,000 after purchasing an additional 4,222,270 shares during the period. Franklin Resources Inc. grew its position in Exxon Mobil by 18.9% in the 1st quarter. Franklin Resources Inc. now owns 25,832,354 shares of the oil and gas company’s stock worth $980,847,000 after purchasing an additional 4,097,287 shares during the period. Morgan Stanley grew its position in Exxon Mobil by 18.6% in the 1st quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after purchasing an additional 3,223,089 shares during the period. Finally, RWWM Inc. grew its position in Exxon Mobil by 26,527.1% in the 1st quarter. RWWM Inc. now owns 3,044,279 shares of the oil and gas company’s stock worth $115,591,000 after purchasing an additional 3,032,846 shares during the period. 52.16% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on XOM. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $51.00 target price on shares of Exxon Mobil in a research report on Tuesday, June 9th. Cowen reaffirmed a “hold” rating and issued a $34.00 target price on shares of Exxon Mobil in a research report on Thursday, July 2nd. BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating in a research report on Wednesday, May 13th. Scotiabank cut their target price on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating for the company in a research report on Monday, July 13th. Finally, Cfra downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating and lifted their target price for the stock from $41.00 to $43.00 in a research report on Thursday, April 30th. Five investment 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 earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The business had revenue of $32.61 billion during the quarter, compared to the consensus estimate of $38.16 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was down 52.8% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post -0.38 EPS for the current fiscal year.
The company also recently declared 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 of this dividend is Wednesday, August 12th. This represents a $3.48 annualized dividend and a yield of 8.27%. Exxon Mobil’s payout ratio is 154.67%.
Exxon Mobil 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.
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.