Trading Report: The Mcrae Capital Management Inc. invests in Exxon Mobil Corp. (XOM) Shares

The Mcrae Capital Management Inc. invests in Exxon Mobil Corp. (XOM) Shares

Mcrae Capital Management Inc. raised its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,335 shares of the company’s stock after buying an additional 1,591 shares during the period. Exxon Mobil Corp. makes up 1.6% of Mcrae Capital Management Inc.’s holdings, making the stock its 25th largest position. Mcrae Capital Management Inc.’s holdings in Exxon Mobil Corp. were worth $3,406,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Edgar Lomax Co. VA increased its stake in Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock valued at $70,792,000 after buying an additional 126,050 shares during the last quarter. Gofen & Glossberg LLC IL increased its stake in Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock valued at $57,668,000 after buying an additional 1,572 shares during the last quarter. Lodestar Investment Counsel LLC IL increased its stake in Exxon Mobil Corp. by 3.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 232,576 shares of the company’s stock valued at $21,802,000 after buying an additional 8,293 shares during the last quarter. British Columbia Investment Management Corp increased its stake in Exxon Mobil Corp. by 0.5% in the second quarter. British Columbia Investment Management Corp now owns 1,918,199 shares of the company’s stock valued at $179,812,000 after buying an additional 9,739 shares during the last quarter. Finally, Peddock Capital Advisors LLC increased its stake in Exxon Mobil Corp. by 16.0% in the second quarter. Peddock Capital Advisors LLC now owns 834,564 shares of the company’s stock valued at $78,232,000 after buying an additional 115,015 shares during the last quarter. 50.42% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Corp. (NYSE:XOM) traded down 0.34% during trading on Friday, hitting $86.74. The stock had a trading volume of 6,614,908 shares. The company has a market cap of $359.68 billion, a P/E ratio of 34.45 and a beta of 0.83. The company has a 50 day moving average of $86.27 and a 200-day moving average of $88.28. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55.

Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The firm earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The company’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. On average, equities analysts predict that Exxon Mobil Corp. will post $2.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 119.05%.

Several equities research analysts have recently weighed in on the company. Vetr downgraded Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price objective for the company. in a report on Wednesday, September 28th. HSBC set a $86.00 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Tuesday, June 28th. Societe Generale set a $105.00 price target on Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price target on Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 1st. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $102.00 price target on shares of Exxon Mobil Corp. in a report on Thursday, July 28th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $87.68.

In other news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the sale, the vice president now directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

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