Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 290,830 shares of the oil and gas company’s stock after buying an additional 1,960 shares during the period. Exxon Mobil makes up approximately 3.5% of Lowe Brockenbrough & Co. Inc.’s holdings, making the stock its biggest holding. Lowe Brockenbrough & Co. Inc.’s holdings in Exxon Mobil were worth $24,060,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Kwmg LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $102,000. Clearwater Capital Advisors LLC acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $122,000. Trilogy Capital Inc. acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $149,000. Winfield Associates Inc. acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $160,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $197,000. Hedge funds and other institutional investors own 53.33% of the company’s stock.
In related news, VP David S. Rosenthal sold 7,562 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total value of $614,336.88. Following the completion of the transaction, the vice president now directly owns 258,250 shares of the company’s stock, valued at $20,980,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The disclosure for this sale can be found here. Insiders sold 39,939 shares of company stock valued at $3,241,095 over the last three months. 0.08% of the stock is owned by company insiders.
NYSE:XOM opened at $77.64 on Friday. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54. The firm has a market capitalization of $336.58 billion, a P/E ratio of 21.63, a PEG ratio of 2.20 and a beta of 0.84.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The business had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. During the same period last year, the business earned $0.93 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 4.84 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 annualized dividend and a dividend yield of 4.22%. Exxon Mobil’s dividend payout ratio is presently 91.36%.
A number of research firms have recently issued reports on XOM. Credit Suisse Group reiterated a “neutral” rating and issued a $80.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 2nd. Macquarie reiterated a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil in a report on Thursday, August 30th. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a report on Wednesday, September 26th. HSBC reiterated a “buy” rating and issued a $95.00 price objective on shares of Exxon Mobil in a report on Tuesday, November 6th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Exxon Mobil in a report on Saturday, November 17th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $86.82.
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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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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