Latest Stocks: Exxon Mobil Co. (XOM) Position Raised by Union Bankshares Corp

Latest Stocks: Exxon Mobil Co. (XOM) Position Raised by Union Bankshares Corp

Union Bankshares Corp boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 2.1% during the first quarter, Holdings Channel reports. The fund owned 103,591 shares of the oil and gas company’s stock after buying an additional 2,130 shares during the period. Exxon Mobil comprises about 3.0% of Union Bankshares Corp’s investment portfolio, making the stock its 2nd largest position. Union Bankshares Corp’s holdings in Exxon Mobil were worth $8,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mastrapasqua Asset Management Inc. raised its stake in shares of Exxon Mobil by 6.8% in the third quarter. Mastrapasqua Asset Management Inc. now owns 56,265 shares of the oil and gas company’s stock worth $4,911,000 after buying an additional 3,594 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Exxon Mobil by 5.8% in the third quarter. Advisor Group Inc. now owns 582,231 shares of the oil and gas company’s stock worth $49,967,000 after buying an additional 31,727 shares in the last quarter. Ruffer LLP raised its stake in shares of Exxon Mobil by 4.8% in the fourth quarter. Ruffer LLP now owns 2,227,728 shares of the oil and gas company’s stock worth $202,095,000 after buying an additional 102,881 shares in the last quarter. Green Square Capital LLC raised its stake in shares of Exxon Mobil by 5.5% in the third quarter. Green Square Capital LLC now owns 58,255 shares of the oil and gas company’s stock worth $5,084,000 after buying an additional 3,059 shares in the last quarter. Finally, Prudential PLC raised its stake in shares of Exxon Mobil by 55.0% in the fourth quarter. Prudential PLC now owns 2,408,764 shares of the oil and gas company’s stock worth $217,415,000 after buying an additional 854,232 shares in the last quarter. 51.09% of the stock is owned by institutional investors.

Exxon Mobil Co. (NYSE XOM) opened at 80.12 on Tuesday. Exxon Mobil Co. has a 12-month low of $79.26 and a 12-month high of $95.55. The firm has a market cap of $339.49 billion, a P/E ratio of 33.43 and a beta of 0.91. The stock’s 50 day moving average is $81.66 and its 200 day moving average is $84.14.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. The company had revenue of $63.29 billion for the quarter, compared to the consensus estimate of $64.88 billion. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. Exxon Mobil’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post $3.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 12th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.84%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, May 10th. Exxon Mobil’s payout ratio is presently 159.58%. A number of analysts have recently issued reports on the stock. Vetr lowered shares of Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $89.71 target price for the company. in a research note on Tuesday. Scotia Howard Weill raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating in a research note on Monday. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “buy” rating and boosted their target price for the company from $85.00 to $86.00 in a research note on Monday. Howard Weil raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating in a research note on Monday. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a $83.00 target price on shares of Exxon Mobil in a research note on Tuesday, May 30th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $89.15.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

Related posts

Leave a Comment