Oliver Luxxe Assets LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,462 shares of the oil and gas company’s stock after purchasing an additional 2,045 shares during the quarter. Exxon Mobil accounts for approximately 2.0% of Oliver Luxxe Assets LLC’s holdings, making the stock its 19th biggest holding. Oliver Luxxe Assets LLC’s holdings in Exxon Mobil were worth $3,024,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. State Street Corp grew its holdings in shares of Exxon Mobil by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after purchasing an additional 15,740,895 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Exxon Mobil by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in Exxon Mobil by 8,029.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after buying an additional 3,695,728 shares in the last quarter. APG Asset Management N.V. lifted its position in Exxon Mobil by 22.7% during the 2nd 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 in the last quarter. Finally, First Trust Advisors LP lifted its position in Exxon Mobil by 340.8% during the 2nd quarter. First Trust Advisors LP now owns 2,426,808 shares of the oil and gas company’s stock worth $195,916,000 after buying an additional 1,876,293 shares in the last quarter. 51.22% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the stock. Vetr downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a research report on Friday, October 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Societe Generale set a $95.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, September 18th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $80.00 price target (down previously from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Finally, Independent Research set a $84.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, August 21st. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $85.86.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. During the same period in the prior year, the company posted $0.63 EPS. research analysts expect that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. Exxon Mobil’s payout ratio is presently 100.33%.
In other Exxon Mobil 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 transaction of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil 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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