Integrated Investment Consultants LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 281.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 105,845 shares of the oil and gas company’s stock after purchasing an additional 78,092 shares during the period. Exxon Mobil accounts for about 0.5% of Integrated Investment Consultants LLC’s investment portfolio, making the stock its 13th biggest holding. Integrated Investment Consultants LLC’s holdings in Exxon Mobil were worth $2,377,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Grassi Investment Management lifted its position in shares of Exxon Mobil by 0.6% in the second quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock worth $7,744,000 after buying an additional 600 shares in the last quarter. Outfitter Advisors LTD. lifted its position in shares of Exxon Mobil by 1.4% in the second quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock worth $3,939,000 after buying an additional 650 shares in the last quarter. X Square Capital LLC lifted its position in shares of Exxon Mobil by 16.8% in the first quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock worth $339,000 after buying an additional 653 shares in the last quarter. Cue Financial Group Inc. lifted its position in shares of Exxon Mobil by 4.8% in the second quarter. Cue Financial Group Inc. now owns 14,267 shares of the oil and gas company’s stock worth $1,180,000 after buying an additional 657 shares in the last quarter. Finally, We Are One Seven LLC lifted its position in shares of Exxon Mobil by 3.8% in the first quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock worth $1,372,000 after buying an additional 671 shares in the last quarter. 52.43% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. Societe Generale set a $92.00 target price on Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Wells Fargo & Co reiterated a “neutral” rating and issued a $88.00 target price on shares of Exxon Mobil in a research report on Wednesday, September 26th. BNP Paribas set a $85.00 target price on Exxon Mobil and gave the stock a “sell” rating in a research report on Thursday, October 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $80.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 2nd. Finally, Jefferies Financial Group reiterated a “neutral” rating and issued a $87.00 target price on shares of Exxon Mobil in a research report on Friday, September 28th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $86.82.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.
Shares of NYSE XOM opened at $81.99 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30. The company has a market cap of $347.26 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.33 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 4.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.00%. Exxon Mobil’s payout ratio is currently 91.36%.
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Exxon Mobil Company 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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