Douglas Lane & Associates LLC Grows Position in Exxon Mobil Co. (XOM)

Douglas Lane & Associates LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,268 shares of the oil and gas company’s stock after purchasing an additional 4,132 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Exxon Mobil were worth $4,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Exxon Mobil by 1.2% in the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after purchasing an additional 2,982,610 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Exxon Mobil by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after purchasing an additional 1,200,678 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Exxon Mobil by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock worth $1,778,179,000 after purchasing an additional 1,116,450 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Exxon Mobil by 43.0% in the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after acquiring an additional 5,440,412 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Exxon Mobil by 3.0% in the first quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock worth $980,635,000 after acquiring an additional 376,686 shares in the last quarter. Institutional investors and hedge funds own 52.48% of the company’s stock.

In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on 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 accessible through the SEC website. Insiders own 0.08% of the company’s stock.

XOM has been the topic of several analyst reports. Societe Generale reissued a “buy” rating and issued a $87.00 target price on shares of Exxon Mobil in a research report on Wednesday, July 11th. Royal Bank of Canada set a $100.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Thursday, June 21st. HSBC reissued a “buy” rating and issued a $93.50 target price on shares of Exxon Mobil in a research report on Monday, July 16th. Finally, Morningstar set a $90.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $87.08.

Shares of XOM opened at $86.13 on Tuesday. Exxon Mobil Co. has a 52 week low of $72.15 and a 52 week high of $89.30. The company has a market cap of $360.27 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.48 and a beta of 0.86. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The company had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 4.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s payout ratio is presently 91.36%.

Exxon Mobil Company 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.

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

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