Fortis Group Advisors LLC trimmed its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 25.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,013 shares of the oil and gas company's stock after selling 8,287 shares during the period. Fortis Group Advisors LLC's holdings in ExxonMobil were worth $3,283,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Aventus Investment Advisors Inc. bought a new stake in ExxonMobil in the 2nd quarter valued at about $27,000. Portus Wealth Advisors LLC bought a new position in ExxonMobil during the first quarter worth about $36,000. Berbice Capital Management LLC purchased a new position in shares of ExxonMobil in the fourth quarter worth about $26,000. Midwest Capital Advisors LLC purchased a new position in shares of ExxonMobil in the fourth quarter worth about $27,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 187 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.
ExxonMobil Price Performance
XOM stock opened at $160.08 on Friday. The firm has a 50 day moving average of $147.00 and a 200-day moving average of $150.45. The firm has a market capitalization of $663.52 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. ExxonMobil Corporation has a 12 month low of $105.67 and a 12 month high of $176.41. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.
ExxonMobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same period last year, the company posted $1.64 EPS. As a group, sell-side analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.
ExxonMobil Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil's dividend payout ratio is presently 53.02%.
Analyst Upgrades and Downgrades
XOM has been the subject of several analyst reports. TD Cowen raised their price objective on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Mizuho lowered their target price on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, July 9th. DZ Bank downgraded ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price on the stock. in a research report on Tuesday, August 4th. Citigroup reaffirmed a "neutral" rating on shares of ExxonMobil in a report on Wednesday, July 8th. Finally, Zacks Research cut ExxonMobil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $163.29.
Check Out Our Latest Analysis on XOM
ExxonMobil Company Profile
(
Free Report)
ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.
ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.
Further Reading
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