Atwater Malick LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 52.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,345 shares of the oil and gas company’s stock after purchasing an additional 2,173 shares during the period. Exxon Mobil comprises about 0.4% of Atwater Malick LLC’s holdings, making the stock its 27th largest position. Atwater Malick LLC’s holdings in Exxon Mobil were worth $486,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of XOM. Home Federal Bank of Tennessee boosted its stake in Exxon Mobil by 1.1% during the 2nd quarter. Home Federal Bank of Tennessee now owns 27,877 shares of the oil and gas company’s stock valued at $2,136,000 after purchasing an additional 303 shares during the period. Welch Group LLC lifted its position in shares of Exxon Mobil by 3.7% in the 2nd quarter. Welch Group LLC now owns 356,368 shares of the oil and gas company’s stock worth $27,309,000 after acquiring an additional 12,788 shares during the period. Orrstown Financial Services Inc. lifted its position in shares of Exxon Mobil by 6.4% in the 2nd quarter. Orrstown Financial Services Inc. now owns 16,048 shares of the oil and gas company’s stock worth $1,230,000 after acquiring an additional 967 shares during the period. Lourd Capital LLC lifted its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Lourd Capital LLC now owns 247,215 shares of the oil and gas company’s stock worth $18,944,000 after acquiring an additional 632 shares during the period. Finally, Chicago Capital LLC lifted its position in shares of Exxon Mobil by 64.5% in the 2nd quarter. Chicago Capital LLC now owns 324,195 shares of the oil and gas company’s stock worth $24,843,000 after acquiring an additional 127,160 shares during the period. 54.49% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on the company. Goldman Sachs Group reissued a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a report on Monday, April 29th. Berenberg Bank reaffirmed a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley dropped their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Finally, DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and lowered their target price for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $82.59.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 3.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s payout ratio is presently 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is currently owned by corporate insiders.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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