Howard Capital Management Inc. raised its position in Exxon Mobil Co. (NYSE:XOM) by 20.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,151 shares of the oil and gas company’s stock after buying an additional 22,527 shares during the period. Exxon Mobil comprises 1.2% of Howard Capital Management Inc.’s investment portfolio, making the stock its 24th biggest position. Howard Capital Management Inc.’s holdings in Exxon Mobil were worth $11,009,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Macroview Investment Management LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $102,000. Corbyn Investment Management Inc. MD acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $110,000. KHP Capital LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $111,000. Clearwater Capital Advisors LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $122,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $149,000. 52.43% of the stock is owned by institutional investors.
XOM opened at $86.60 on Tuesday. The stock has a market cap of $360.90 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.
The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by insiders.
Several analysts have recently issued reports on the stock. Barclays reiterated a “sell” rating and issued a $84.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. Macquarie reiterated a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $88.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. Morningstar set a $85.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, June 11th. Finally, Jefferies Financial Group reiterated a “neutral” rating and issued a $87.00 target price on shares of Exxon Mobil in a research report on Monday, June 11th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.13.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
See Also: Average Daily Trade Volume – ADTV
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.