Mizuho Securities USA Inc. raised its stake in Exxon Mobil Corp. (NYSE:XOM) by 414.9% during the third quarter, Holdings Channel reports. The institutional investor owned 30,814 shares of the company’s stock after buying an additional 24,829 shares during the period. Mizuho Securities USA Inc.’s holdings in Exxon Mobil Corp. were worth $2,689,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of 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 worth $104,000 after buying an additional 691 shares during the period. Tuttle Tactical Management LLC purchased a new stake in shares of Exxon Mobil Corp. during the second quarter worth $125,000. Horan Securities Inc. purchased a new stake in shares of Exxon Mobil Corp. during the third quarter worth $137,000. NewSquare Capital LLC increased its stake in shares of Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares during the period. Finally, Cantab Capital Partners LLP purchased a new stake in shares of Exxon Mobil Corp. during the second quarter worth $183,000. Institutional investors own 50.06% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.75% on Monday, reaching $86.47. The company had a trading volume of 7,449,634 shares. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55. The stock has a market capitalization of $358.56 billion, a price-to-earnings ratio of 40.48 and a beta of 0.86. The firm has a 50 day moving average price of $86.07 and a 200-day moving average price of $88.35.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $58.68 billion for the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. Analysts forecast that Exxon Mobil Corp. will post $2.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.44%. Exxon Mobil Corp.’s payout ratio is 140.19%.
XOM has been the subject of a number of research analyst reports. reiterated a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 16th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, September 8th. Collins Stewart restated a “hold” rating and set a $83.50 price objective on shares of Exxon Mobil Corp. in a research report on Sunday, September 11th. Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Finally, Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a research report on Tuesday, September 13th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $87.62.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total value of $1,392,000.00. Following the transaction, the vice president now directly owns 222,299 shares in the company, valued at approximately $19,340,013. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.
Exxon Mobil Corp. Company Profile
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.