Empirical Finance LLC Acquires 12,725 Shares of Exxon Mobil Co. (XOM)

Empirical Finance LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 253.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,738 shares of the oil and gas company’s stock after acquiring an additional 12,725 shares during the quarter. Empirical Finance LLC’s holdings in Exxon Mobil were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of XOM. Swedbank increased its stake in Exxon Mobil by 1.4% during the 2nd quarter. Swedbank now owns 2,149,613 shares of the oil and gas company’s stock worth $177,837,000 after buying an additional 28,763 shares during the period. Thompson Investment Management Inc. increased its stake in Exxon Mobil by 0.7% during the 2nd quarter. Thompson Investment Management Inc. now owns 234,825 shares of the oil and gas company’s stock worth $19,427,000 after buying an additional 1,708 shares during the period. Lynch & Associates IN increased its stake in Exxon Mobil by 6.7% during the 2nd quarter. Lynch & Associates IN now owns 119,757 shares of the oil and gas company’s stock worth $9,908,000 after buying an additional 7,526 shares during the period. Peachtree Investment Advisors Inc. increased its stake in Exxon Mobil by 10.8% during the 2nd quarter. Peachtree Investment Advisors Inc. now owns 8,776 shares of the oil and gas company’s stock worth $726,000 after buying an additional 855 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in Exxon Mobil by 45.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 191,910 shares of the oil and gas company’s stock worth $15,877,000 after buying an additional 60,140 shares during the period. Institutional investors and hedge funds own 52.60% of the company’s stock.

Shares of NYSE:XOM opened at $82.32 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The stock has a market cap of $351.12 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. During the same period in the prior year, the company earned $0.78 EPS. Exxon Mobil’s quarterly revenue was up 26.6% on a year-over-year basis. equities analysts expect that Exxon Mobil Co. will post 4.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s dividend payout ratio is presently 91.36%.

Several equities research analysts have recently weighed in on the stock. HSBC reissued a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil in a research report on Wednesday. Barclays reissued a “sell” rating and issued a $87.00 target price on shares of Exxon Mobil in a research report on Tuesday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $93.00 target price on shares of Exxon Mobil in a research report on Tuesday. Berenberg Bank assumed coverage on shares of Exxon Mobil in a research report on Tuesday. They issued a “hold” rating and a $84.00 target price for the company. Finally, UBS Group set a $87.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, September 7th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.66.

About Exxon Mobil

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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