Buckingham Asset Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 35.5% during the second quarter, Holdings Channel.com reports. The firm owned 118,339 shares of the oil and gas company’s stock after acquiring an additional 30,972 shares during the period. Exxon Mobil accounts for about 1.0% of Buckingham Asset Management LLC’s portfolio, making the stock its 23rd biggest position. Buckingham Asset Management LLC’s holdings in Exxon Mobil were worth $9,068,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sigma Investment Counselors Inc. grew its stake in Exxon Mobil by 0.4% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock valued at $2,745,000 after acquiring an additional 142 shares in the last quarter. Riverstone Advisors LLC grew its stake in Exxon Mobil by 0.5% during the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock valued at $2,349,000 after acquiring an additional 142 shares in the last quarter. Alpha Windward LLC grew its stake in Exxon Mobil by 3.1% during the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after acquiring an additional 144 shares in the last quarter. Saratoga Research & Investment Management grew its stake in Exxon Mobil by 4.1% during the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 145 shares in the last quarter. Finally, Jupiter Wealth Management LLC grew its stake in Exxon Mobil by 0.4% during the 2nd quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.
Several brokerages recently commented on XOM. UBS Group lowered their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday. Berenberg Bank reissued a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Wednesday, August 7th. Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research note on Friday, August 2nd. Barclays began coverage on Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price target for the company. Finally, Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a research note on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $81.83.
Shares of Exxon Mobil stock opened at $67.49 on Friday. The stock has a market capitalization of $285.56 billion, a P/E ratio of 13.69, a PEG ratio of 1.99 and a beta of 0.97. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $73.15 and a two-hundred day moving average price of $76.66. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36.
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, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 3.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.16%. Exxon Mobil’s payout ratio is currently 70.59%.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction that occurred 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 owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.
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.
Read More: Bear Market – How and Why They Occur
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (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.