Regent Investment Management LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 54.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,316 shares of the oil and gas company’s stock after buying an additional 5,785 shares during the period. Regent Investment Management LLC’s holdings in Exxon Mobil were worth $730,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of XOM. TFO TDC LLC boosted its position in shares of Exxon Mobil by 137.4% during 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 in the last quarter. Reitz Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth about $33,000. PrairieView Partners LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth about $37,000. Capstone Financial Group Inc. boosted its position in shares of Exxon Mobil by 49.0% in 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 in the last quarter. Finally, Avondale Wealth Management acquired a new position in Exxon Mobil in the 1st quarter valued at about $52,000. Hedge funds and other institutional investors own 52.16% of the company’s stock.
Several brokerages recently weighed in on XOM. Piper Sandler boosted their target price on shares of Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Cfra downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating and upped their price objective for the company from $41.00 to $43.00 in a research note on Thursday, April 30th. Scotiabank dropped their price objective on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating for the company in a research note on Monday, July 13th. Bank of America reissued a “buy” rating and set a $70.00 target price on shares of Exxon Mobil in a research report on Monday, May 4th. Finally, Wells Fargo & Co increased their target price on shares of Exxon Mobil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $53.17.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The company had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. During the same quarter last year, the business earned $0.61 EPS. The company’s revenue for the quarter was down 52.8% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post -0.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be given a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 8.27%. Exxon Mobil’s dividend payout ratio (DPR) 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.
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