Lakeview Capital Partners LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,436 shares of the oil and gas company’s stock after buying an additional 417 shares during the period. Exxon Mobil Corporation comprises 1.4% of Lakeview Capital Partners LLC’s holdings, making the stock its 13th largest holding. Lakeview Capital Partners LLC’s holdings in Exxon Mobil Corporation were worth $1,650,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of XOM. State Street Corp grew its holdings in Exxon Mobil Corporation by 7.9% during 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. Schwab Charles Investment Management Inc. grew its holdings in Exxon Mobil Corporation by 6.4% during 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. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Exxon Mobil Corporation by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock valued at $976,677,000 after purchasing an additional 51,810 shares during the last quarter. APG Asset Management N.V. grew its holdings in Exxon Mobil Corporation 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 valued at $910,002,000 after purchasing an additional 2,088,263 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Exxon Mobil Corporation by 0.6% during the 2nd quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock valued at $381,912,000 after purchasing an additional 26,923 shares during the last quarter. Hedge funds and other institutional investors own 50.83% of the company’s stock.
Exxon Mobil Corporation (XOM) opened at $82.94 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The stock has a market cap of $355,789.78, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.77 and a beta of 0.84. Exxon Mobil Corporation has a twelve month low of $76.05 and a twelve month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. During the same period last year, the firm posted $0.63 earnings per share. equities research analysts predict that Exxon Mobil Corporation will post 3.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’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 transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.08% of the company’s stock.
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XOM has been the topic of several analyst reports. Vetr upgraded shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price target on the stock in a report on Tuesday, August 29th. Wolfe Research cut shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Piper Jaffray Companies set a $76.00 price objective on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Friday, August 25th. Citigroup Inc. lowered their price objective on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Finally, Royal Bank of Canada set a $88.00 price objective on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, July 20th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $85.57.
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.
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