Summit Financial Wealth Advisors LLC lowered its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 4.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 44,016 shares of the company’s stock after selling 2,070 shares during the period. Exxon Mobil Corp. makes up approximately 1.7% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest position. Summit Financial Wealth Advisors LLC’s holdings in Exxon Mobil Corp. were worth $3,842,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock valued at $25,715,387,000 after buying an additional 6,897,006 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Exxon Mobil Corp. during the second quarter valued at $441,823,000. Capital World Investors boosted its stake in shares of Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock valued at $1,426,817,000 after buying an additional 4,480,000 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Exxon Mobil Corp. by 23.2% in the second quarter. Alliancebernstein L.P. now owns 17,123,892 shares of the company’s stock valued at $1,605,194,000 after buying an additional 3,229,704 shares in the last quarter. Finally, AJO LP boosted its stake in shares of Exxon Mobil Corp. by 209.2% in the second quarter. AJO LP now owns 4,305,100 shares of the company’s stock valued at $403,560,000 after buying an additional 2,912,876 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.23% during midday trading on Friday, hitting $87.12. The company had a trading volume of 5,043,042 shares. The stock has a 50 day moving average price of $86.08 and a 200-day moving average price of $88.38. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The stock 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 posted its quarterly earnings data on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The company earned $58.68 billion during the quarter, compared to analysts’ expectations of $61.34 billion. During the same quarter in the previous year, the business earned $1.01 EPS. Exxon Mobil Corp.’s revenue was down 12.9% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corp. will post $2.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio is 140.19%.
Several brokerages have recently commented on XOM. reissued a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 16th. Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, September 8th. Collins Stewart reissued a “hold” rating and set a $83.50 price objective on shares of Exxon Mobil Corp. in a report on Sunday, September 11th. Morningstar Inc. reissued a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Finally, Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a report on Tuesday, September 13th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $87.62.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the company’s 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 completion of the sale, the vice president now directly owns 222,299 shares in the company, valued at approximately $19,340,013. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.