West Branch Capital LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 23.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,223 shares of the oil and gas company’s stock after purchasing an additional 2,734 shares during the period. West Branch Capital LLC’s holdings in Exxon Mobil were worth $1,177,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Macroview Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $102,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $110,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $122,000. Winfield Associates Inc. purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $160,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $149,000. 52.43% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on XOM shares. Societe Generale set a $92.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. HSBC restated a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil in a research note on Wednesday, September 12th. Credit Suisse Group set a $80.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Monday, October 1st. Finally, Piper Jaffray Companies restated a “neutral” rating on shares of Exxon Mobil in a research note on Tuesday, October 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $87.27.
Shares of XOM opened at $80.87 on Friday. 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 12 month low of $72.15 and a 12 month high of $89.30. The firm has a market cap of $347.43 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.32 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating the 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 business had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. During the same period last year, the business posted $0.93 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. will post 4.75 earnings per share for the current year.
The firm also recently announced 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 4.06%. Exxon Mobil’s dividend payout ratio is 91.36%.
In other news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction 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 transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by corporate insiders.
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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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