Lakeview Capital Partners LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 52.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,979 shares of the oil and gas company’s stock after purchasing an additional 10,305 shares during the quarter. Exxon Mobil comprises 1.2% of Lakeview Capital Partners LLC’s holdings, making the stock its 18th biggest position. Lakeview Capital Partners LLC’s holdings in Exxon Mobil were worth $2,117,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of XOM. Karp Capital Management Corp lifted its holdings in Exxon Mobil by 3.1% in the 3rd quarter. Karp Capital Management Corp now owns 23,242 shares of the oil and gas company’s stock valued at $1,641,000 after purchasing an additional 705 shares in the last quarter. Eagle Asset Management Inc. increased its position in Exxon Mobil by 6.1% in the third quarter. Eagle Asset Management Inc. now owns 98,816 shares of the oil and gas company’s stock worth $6,977,000 after buying an additional 5,700 shares during the period. Bourgeon Capital Management LLC acquired a new stake in Exxon Mobil in the third quarter worth $69,000. Heathbridge Capital Management Ltd. increased its position in Exxon Mobil by 11.8% in the third quarter. Heathbridge Capital Management Ltd. now owns 8,550 shares of the oil and gas company’s stock worth $604,000 after buying an additional 900 shares during the period. Finally, First Trust Advisors LP increased its position in Exxon Mobil by 10.7% in the third quarter. First Trust Advisors LP now owns 3,333,537 shares of the oil and gas company’s stock worth $235,381,000 after buying an additional 321,763 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.
Shares of NYSE:XOM traded down $1.37 during midday trading on Friday, reaching $70.77. The company had a trading volume of 11,673,915 shares, compared to its average volume of 11,457,568. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $83.49. The firm has a market cap of $309.25 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97. The company has a fifty day simple moving average of $69.60 and a two-hundred day simple moving average of $72.99.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The business had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. During the same quarter last year, the company posted $0.82 EPS. Exxon Mobil’s revenue for the quarter was down 15.1% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 2.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $0.87 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.92%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
Several equities research analysts have weighed in on the company. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley lowered their price target on Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Independent Research set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada reissued a “neutral” rating and set a $75.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Finally, Barclays started coverage on Exxon Mobil in a report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $78.91.
Exxon Mobil 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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