HSBC Holdings plc set a $85.00 price objective on Exxon Mobil Corporation and gave the company a "neutral" rating in a research report on Tuesday, November 8th.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Lenox Wealth Advisors Inc. now owns 2,718 shares of the company's stock valued at $237,000 after buying an additional 10 shares during the last quarter.
XL Group Ltd (NYSE:XL) announced that the Board of Directors of the Company (the "Board") approved a new share buyback program, authorizing the Company to buy back up to $1 billion of its common shares.
Exxon, facing a U.S. Securities and Exchange Commission probe into how it valued its portfolio amid the worst oil market collapse in a generation, signaled in October and again last month that the revision was probably coming. Jag Capital Management LLC raised its position in shares of Exxon Mobil Corporation by 0.3% in the third quarter. Finally, BB&T Corp boosted its stake in shares of Exxon Mobil Corporation by 18.4% in the second quarter. Following the sale, the insider now owns 200,500 shares in the company, valued at $17,581,845. The fund owned 8,027 shares of the company's stock after selling 7,682 shares during the period.
While looking at the Stock's Performance, Exxon Mobil Corporation now shows a Weekly Performance of -0.92%, where Monthly Performance is -2.62%, Quarterly performance is -3.78%, 6 Months performance is -6.38% and yearly performance percentage is 2.61%. Exxon Mobil Corporation has a 52 week low of $80.02 and a 52 week high of $95.55. The share price has moved forward from its 20 days moving average, trading at a distance of 0.57% and stays 0.7% away from its 50 days moving average. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.70 by $0.29. For the next 5 years, Exxon Mobil Corporation is expecting Growth of 19.33% per annum, whereas in the past 5 years the growth was -25.18% per annum. The high end of the revenue guidance is $72.56 Billion and the low end is $64 Billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Exxon Mobil Corporation's payout ratio is 159.58%.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Thursday, February 9th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Tuesday, February 7th. If you are reading this article on another site, it was stolen and reposted in violation of US & global trademark & copyright laws.
"Osborn Williams & Donohoe LLC Sells 257 Shares of Exxon Mobil Corporation (XOM)" was published by The Cerbat Gem and is the property of of The Cerbat Gem. The average and low price target for the stock are $88.57 and $72, respectively. J P Morgan Chase & Co reissued a "neutral" rating on shares of Exxon Mobil Corporation in a report on Monday, December 12th.
Price Target is an important factor while doing analysis of a stock. Out of 0 brokerage recommendations, 0 gave a Strong Buy, 0 issued a Buy, 0 issued Hold, 0 rated Under-perform and 0 issued a Sell. The stock now has a consensus rating of "Hold" and a consensus price target of $88.44. The revision, triggered when low energy prices made it mathematically impossible to harvest those fields at a profit in the near future, included oil sands in western Canada and gas fields in the Rocky Mountains. Institutional investors own 51.09% of the company's stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $90.88, for a total transaction of $454,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 47,054 shares of company stock worth $4,152,316.
Wells Fargo & Company (NYSE:WFC) ended its day at $58.36 with the rising stream of 0.19% and its total traded volume was 12.34 million shares less than the average volume.