Conservest Capital Advisors Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 41.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,601 shares of the oil and gas company’s stock after selling 20,065 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Exxon Mobil were worth $2,366,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. X Square Capital LLC boosted its holdings in 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 valued at $339,000 after acquiring an additional 653 shares during the last quarter. We Are One Seven LLC boosted its holdings in 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 valued at $1,372,000 after acquiring an additional 671 shares during the last quarter. Lakeview Capital Partners LLC boosted its holdings in Exxon Mobil by 3.5% in the first quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock valued at $1,499,000 after acquiring an additional 677 shares during the last quarter. Shelton Capital Management boosted its holdings in Exxon Mobil by 0.3% in the fourth quarter. Shelton Capital Management now owns 217,936 shares of the oil and gas company’s stock valued at $18,228,000 after acquiring an additional 685 shares during the last quarter. Finally, Hanson McClain Inc. boosted its holdings in Exxon Mobil by 2.5% in the first quarter. Hanson McClain Inc. now owns 28,543 shares of the oil and gas company’s stock valued at $2,130,000 after acquiring an additional 686 shares during the last quarter. 52.60% of the stock is owned by hedge funds and other institutional investors.
Shares of XOM opened at $82.32 on Friday. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $351.12 billion, a P/E ratio of 22.93, a PEG ratio of 1.40 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. Exxon Mobil’s revenue for the quarter was up 26.6% on a year-over-year basis. sell-side analysts forecast that Exxon Mobil Co. will post 4.5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio is currently 91.36%.
Several analysts recently commented on XOM shares. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a report on Wednesday, August 22nd. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $72.16 to $100.00 in a report on Wednesday, May 30th. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “neutral” rating and set a $88.00 price target on shares of Exxon Mobil in a report on Tuesday, July 10th. Jefferies Financial Group restated a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a report on Wednesday, August 15th. Finally, HSBC restated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $87.66.
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.
Further Reading: Do You Need a Fiduciary?
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).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.