Exxon Mobil Co. (XOM) Holdings Boosted by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 28.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,763 shares of the oil and gas company’s stock after buying an additional 2,186 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Exxon Mobil were worth $796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Investment Consultants LLC grew its position in shares of Exxon Mobil by 281.4% in the second quarter. Integrated Investment Consultants LLC now owns 105,845 shares of the oil and gas company’s stock valued at $2,377,000 after purchasing an additional 78,092 shares during the last quarter. Cooke & Bieler LP grew its position in shares of Exxon Mobil by 1.2% in the second quarter. Cooke & Bieler LP now owns 1,276,587 shares of the oil and gas company’s stock valued at $105,612,000 after purchasing an additional 15,548 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in shares of Exxon Mobil by 6.3% in the second quarter. Capital Investment Advisory Services LLC now owns 26,066 shares of the oil and gas company’s stock valued at $2,156,000 after purchasing an additional 1,540 shares during the last quarter. Wagner Wealth Management LLC grew its position in shares of Exxon Mobil by 18.3% in the second quarter. Wagner Wealth Management LLC now owns 14,895 shares of the oil and gas company’s stock valued at $1,232,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Joel Isaacson & Co. LLC grew its position in shares of Exxon Mobil by 4.3% in the second quarter. Joel Isaacson & Co. LLC now owns 44,434 shares of the oil and gas company’s stock valued at $3,676,000 after purchasing an additional 1,838 shares during the last quarter. 52.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XOM stock opened at $81.99 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. The company has a market capitalization of $347.26 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.33 and a beta of 0.86. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. The firm had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 4.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.00%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is presently 91.36%.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

Several research firms have recently commented on XOM. Royal Bank of Canada set a $105.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, July 23rd. Barclays reaffirmed a “sell” rating and issued a $84.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Thursday, October 25th. Berenberg Bank reiterated a “neutral” rating and issued a $85.00 price target on shares of Exxon Mobil in a research note on Monday. Finally, Credit Suisse Group set a $80.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, July 30th. 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 company. The stock has an average rating of “Hold” and an average target price of $86.82.

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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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