Lingohr Asset Management GmbH Grows Holdings in Exxon Mobil Corporation $XOM

Lingohr Asset Management GmbH boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 669.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,757 shares of the oil and gas company’s stock after acquiring an additional 54,597 shares during the period. Exxon Mobil accounts for about 1.7% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 17th largest holding. Lingohr Asset Management GmbH’s holdings in Exxon Mobil were worth $7,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Norges Bank bought a new stake in Exxon Mobil during the 2nd quarter valued at about $6,163,719,000. First Trust Advisors LP lifted its stake in shares of Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after buying an additional 4,563,707 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after buying an additional 4,015,099 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after acquiring an additional 3,066,736 shares in the last quarter. Finally, Mizuho Markets Cayman LP purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $144,147,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Trading Up 0.7%

Shares of NYSE:XOM opened at $141.43 on Friday. The stock’s 50-day simple moving average is $122.80 and its two-hundred day simple moving average is $116.10. The stock has a market capitalization of $596.43 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 14.84 and a beta of 0.37. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $142.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $82.31 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 EPS. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup lifted their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Bank of America boosted their target price on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group restated a “buy” rating on shares of Exxon Mobil in a research note on Friday, January 9th. Finally, BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $133.93.

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Exxon Mobil Profile

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Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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