Curbstone Financial Management Corp boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,521 shares of the oil and gas company’s stock after acquiring an additional 870 shares during the period. Exxon Mobil Corporation makes up approximately 1.6% of Curbstone Financial Management Corp’s holdings, making the stock its 10th largest holding. Curbstone Financial Management Corp’s holdings in Exxon Mobil Corporation were worth $2,706,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Lau Associates LLC increased its stake in Exxon Mobil Corporation by 15.6% during the first quarter. Lau Associates LLC now owns 33,699 shares of the oil and gas company’s stock valued at $2,764,000 after acquiring an additional 4,539 shares during the period. Cacti Asset Management LLC increased its stake in Exxon Mobil Corporation by 21.3% during the first quarter. Cacti Asset Management LLC now owns 345,505 shares of the oil and gas company’s stock valued at $28,919,000 after acquiring an additional 60,600 shares during the period. Integrated Investment Consultants LLC increased its stake in Exxon Mobil Corporation by 2.3% during the first quarter. Integrated Investment Consultants LLC now owns 15,757 shares of the oil and gas company’s stock valued at $1,292,000 after acquiring an additional 350 shares during the period. Franklin Street Advisors Inc. NC increased its stake in Exxon Mobil Corporation by 6.4% during the first quarter. Franklin Street Advisors Inc. NC now owns 60,779 shares of the oil and gas company’s stock valued at $4,984,000 after acquiring an additional 3,663 shares during the period. Finally, Private Asset Management Inc. increased its stake in Exxon Mobil Corporation by 0.8% during the first quarter. Private Asset Management Inc. now owns 202,840 shares of the oil and gas company’s stock valued at $16,635,000 after acquiring an additional 1,616 shares during the period. Hedge funds and other institutional investors own 50.82% of the company’s stock.
Several equities analysts recently issued reports on the company. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 price target on the stock in a research note on Wednesday. UBS AG raised Exxon Mobil Corporation from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $76.00 in a report on Wednesday, September 6th. Jefferies Group LLC set a $81.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Finally, Piper Jaffray Companies set a $76.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a report on Friday, August 25th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $84.65.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.02% during mid-day trading on Friday, hitting $80.07. 16,043,707 shares of the company’s stock traded hands. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a market cap of $339.27 billion, a PE ratio of 28.86 and a beta of 0.82. The firm has a 50-day moving average of $78.36 and a 200 day moving average of $80.83.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corporation will post $3.44 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were given a $0.77 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.85%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
About Exxon Mobil Corporation
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.
Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.