D.A. Davidson & CO. Has $53.49 Million Holdings in Exxon Mobil Co. (XOM)

D.A. Davidson & CO. raised its position in Exxon Mobil Co. (NYSE:XOM) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 646,585 shares of the oil and gas company’s stock after purchasing an additional 15,080 shares during the period. Exxon Mobil accounts for 1.0% of D.A. Davidson & CO.’s investment portfolio, making the stock its 11th biggest position. D.A. Davidson & CO.’s holdings in Exxon Mobil were worth $53,492,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Macroview Investment Management LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth $102,000. Corbyn Investment Management Inc. MD bought a new stake in shares of Exxon Mobil during the 1st quarter worth $110,000. Clearwater Capital Advisors LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth $122,000. Trilogy Capital Inc. bought a new stake in shares of Exxon Mobil during the 1st quarter worth $149,000. Finally, Winfield Associates Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $160,000. 52.43% of the stock is owned by hedge funds and other institutional investors.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the transaction, the vice president now 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 is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on XOM shares. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, August 22nd. HSBC reissued a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil in a research note on Wednesday, September 12th. Credit Suisse Group set a $80.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Monday, October 1st. Finally, Piper Jaffray Companies reissued a “neutral” rating on shares of Exxon Mobil in a research note on Tuesday, October 23rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $87.27.

XOM stock opened at $81.71 on Friday. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30. The stock has a market capitalization of $347.43 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.56%. The firm had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 4.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s payout ratio is 91.36%.

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About Exxon Mobil

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.

Further Reading: Hedge Funds Explained

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

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