Thompson Rubinstein Investment Management Inc. OR Has $5.35 Million Position in Exxon Mobil Corporation (XOM)

Thompson Rubinstein Investment Management Inc. OR increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,249 shares of the oil and gas company’s stock after acquiring an additional 480 shares during the quarter. Exxon Mobil Corporation makes up approximately 2.0% of Thompson Rubinstein Investment Management Inc. OR’s holdings, making the stock its 17th biggest holding. Thompson Rubinstein Investment Management Inc. OR’s holdings in Exxon Mobil Corporation were worth $5,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. State Street Corp boosted its holdings in shares of Exxon Mobil Corporation by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after purchasing an additional 15,740,895 shares during the last quarter. Pioneer Investment Management Inc. boosted its holdings in shares of Exxon Mobil Corporation by 142.4% in the 1st quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock valued at $182,052,000 after purchasing an additional 1,304,036 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Exxon Mobil Corporation by 6.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock valued at $1,567,780,000 after purchasing an additional 1,150,881 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in shares of Exxon Mobil Corporation by 28.5% in the 1st quarter. State of Tennessee Treasury Department now owns 3,214,501 shares of the oil and gas company’s stock valued at $263,621,000 after purchasing an additional 712,959 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new position in shares of Exxon Mobil Corporation in the 1st quarter valued at $33,415,000. Hedge funds and other institutional investors own 50.74% of the company’s stock.

XOM has been the topic of a number of research analyst reports. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil Corporation in a report on Thursday, June 15th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target on the stock. in a report on Tuesday, June 6th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Finally, Barclays PLC set a $94.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Monday, August 21st. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $84.65.

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In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.206% on Monday, reaching $79.905. 3,102,955 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 firm has a market capitalization of $338.57 billion, a P/E ratio of 28.805 and a beta of 0.82. The company’s 50-day moving average is $78.36 and its 200-day moving average is $80.83.

Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is currently 111.19%.

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.

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

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