LifePlan Financial Group Inc boosted its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 3.2% during the third quarter, Holdings Channel reports. The fund owned 4,490 shares of the company’s stock after buying an additional 138 shares during the period. LifePlan Financial Group Inc’s holdings in Exxon Mobil Corp. were worth $392,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. boosted its stake in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares during the last quarter. Tuttle Tactical Management LLC purchased a new stake in Exxon Mobil Corp. during the second quarter valued at approximately $125,000. NewSquare Capital LLC boosted its stake in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares during the last quarter. Cantab Capital Partners LLP purchased a new stake in Exxon Mobil Corp. during the second quarter valued at approximately $183,000. Finally, NCM Capital Management Group Inc. boosted its stake in shares of Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock worth $185,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.23% during trading on Friday, hitting $87.12. The stock had a trading volume of 5,043,042 shares. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The firm has a 50-day moving average price of $86.08 and a 200 day moving average price of $88.38. The company has a market capitalization of $361.26 billion, a PE ratio of 40.79 and a beta of 0.86.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company earned $58.68 billion during the quarter, compared to analysts’ expectations of $61.34 billion. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. Equities analysts anticipate that Exxon Mobil Corp. will post $2.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.44%. The ex-dividend date is Tuesday, November 8th. Exxon Mobil Corp.’s payout ratio is 140.19%.
A number of equities research analysts have recently issued reports on the company. Jefferies Group reiterated a “hold” rating and set a $85.00 price objective on shares of Exxon Mobil Corp. in a research note on Monday, August 1st. Goldman Sachs Group Inc. set a $98.00 price objective on Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 1st. Barclays PLC dropped their price objective on Exxon Mobil Corp. to $100.00 in a research note on Monday, August 1st. Exane BNP Paribas assumed coverage on Exxon Mobil Corp. in a research note on Monday, October 10th. They set an “underperform” rating and a $80.00 price objective on the stock. Finally, HSBC set a $91.00 price objective on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, October 11th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $87.62.
In related news, VP Neil A. Chapman sold 16,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the completion of the transaction, the vice president now directly owns 222,299 shares in the company, valued at $19,340,013. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.