Washington Capital Management Inc. Purchases 250 Shares of Exxon Mobil Corporation (XOM)

Washington Capital Management Inc. increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,730 shares of the oil and gas company’s stock after buying an additional 250 shares during the period. Exxon Mobil Corporation comprises about 2.3% of Washington Capital Management Inc.’s investment portfolio, making the stock its 18th largest position. Washington Capital Management Inc.’s holdings in Exxon Mobil Corporation were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. State Street Corp increased its stake in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after buying an additional 51,810 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Exxon Mobil Corporation by 22.7% in the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after buying an additional 2,088,263 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Exxon Mobil Corporation by 0.6% in the second quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock worth $381,912,000 after buying an additional 26,923 shares during the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE XOM) opened at $83.18 on Friday. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.53. The firm has a market cap of $352,442.47, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same period in the prior year, the company earned $0.63 EPS. equities research analysts anticipate that Exxon Mobil Corporation will post 3.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is 100.33%.

In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

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XOM has been the subject of several recent research reports. Wolfe Research lowered shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Citigroup Inc. lowered their target price on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. J P Morgan Chase & Co reiterated a “neutral” rating and set a $80.00 target price (down previously from $81.00) on shares of Exxon Mobil Corporation in a research note on Friday, August 18th. Cowen and Company reiterated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Finally, Goldman Sachs Group, Inc. (The) set a $86.00 target price on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Monday, October 30th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $85.75.

Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

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