Berkeley Capital Partners LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,438 shares of the oil and gas company’s stock after purchasing an additional 2,612 shares during the period. Exxon Mobil makes up approximately 1.1% of Berkeley Capital Partners LLC’s investment portfolio, making the stock its 16th biggest position. Berkeley Capital Partners LLC’s holdings in Exxon Mobil were worth $1,939,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Levin Capital Strategies L.P. grew its stake in shares of Exxon Mobil by 2,293.0% during the second quarter. Levin Capital Strategies L.P. now owns 854,667 shares of the oil and gas company’s stock worth $70,707,000 after buying an additional 818,951 shares during the last quarter. Donaldson Capital Management LLC grew its stake in shares of Exxon Mobil by 18.8% during the second quarter. Donaldson Capital Management LLC now owns 315,981 shares of the oil and gas company’s stock worth $26,141,000 after buying an additional 50,057 shares during the last quarter. Girard Partners LTD. grew its stake in shares of Exxon Mobil by 6.0% during the second quarter. Girard Partners LTD. now owns 97,382 shares of the oil and gas company’s stock worth $8,056,000 after buying an additional 5,479 shares during the last quarter. Fluent Financial LLC grew its stake in shares of Exxon Mobil by 39.1% during the second quarter. Fluent Financial LLC now owns 23,348 shares of the oil and gas company’s stock worth $1,932,000 after buying an additional 6,567 shares during the last quarter. Finally, Highland Private Wealth Management bought a new stake in shares of Exxon Mobil during the second quarter worth $733,000. Institutional investors and hedge funds own 52.39% of the company’s stock.
A number of research firms have weighed in on XOM. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Tuesday, November 20th. BNP Paribas set a $80.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, November 20th. Raymond James cut shares of Exxon Mobil from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 20th. Macquarie reaffirmed a “sell” rating and set a $70.00 target price on shares of Exxon Mobil in a research note on Monday, November 19th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $81.00 target price on shares of Exxon Mobil in a research note on Monday, November 19th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $87.00.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 net margin of 8.15% and a return on equity of 9.53%. The company 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 firm posted $0.93 earnings per share. Exxon Mobil’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 4.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a dividend yield of 4.34%. Exxon Mobil’s dividend payout ratio is 91.36%.
In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction on 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 document filed with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.
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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.
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