PVG Asset Management Corp Makes New $1.76 Million Investment in Exxon Mobil Co. (NYSE:XOM)

PVG Asset Management Corp bought a new position in Exxon Mobil Co. (NYSE:XOM) during the second quarter, according to its most recent filing with the SEC. The firm bought 23,020 shares of the oil and gas company’s stock, valued at approximately $1,764,000. Exxon Mobil makes up 1.9% of PVG Asset Management Corp’s investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. FMR LLC lifted its holdings in shares of Exxon Mobil by 6.8% in the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock worth $3,859,642,000 after purchasing an additional 3,038,704 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after purchasing an additional 2,953,857 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Exxon Mobil by 7,471.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock worth $177,180,000 after purchasing an additional 1,748,402 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after purchasing an additional 1,069,038 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 4.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock worth $2,050,627,000 after purchasing an additional 1,057,308 shares in the last quarter. Institutional investors own 54.42% of the company’s stock.

In other news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

XOM has been the topic of a number of recent research reports. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. HSBC reiterated a “neutral” rating and issued a $86.50 target price on shares of Exxon Mobil in a report on Thursday, May 23rd. BMO Capital Markets initiated coverage on Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price on the stock. Bank of America reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Monday, August 5th. Finally, Independent Research set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $81.13.

Shares of Exxon Mobil stock traded down $0.30 during trading hours on Friday, hitting $72.04. 9,253,256 shares of the company’s stock traded hands, compared to its average volume of 10,219,848. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The stock has a market capitalization of $309.59 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.18 and a beta of 0.99. The company has a fifty day simple moving average of $70.21 and a 200-day simple moving average of $75.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same period last year, the firm posted $0.92 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 3.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s dividend payout ratio is presently 70.59%.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: Quick Ratio

Institutional Ownership by Quarter for Exxon Mobil (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.