Lakeview Capital Partners LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 52.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,979 shares of the oil and gas company’s stock after purchasing an additional 10,305 shares during the period. Exxon Mobil accounts for approximately 1.2% of Lakeview Capital Partners LLC’s portfolio, making the stock its 18th largest position. Lakeview Capital Partners LLC’s holdings in Exxon Mobil were worth $2,117,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Nuveen Asset Management LLC grew its holdings in shares of Exxon Mobil by 5,514.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock worth $1,737,358,000 after purchasing an additional 22,268,191 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 0.9% during the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after acquiring an additional 2,953,857 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Exxon Mobil by 22.2% during the third quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock worth $738,453,000 after acquiring an additional 1,902,091 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in Exxon Mobil by 7,471.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after purchasing an additional 1,748,402 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Exxon Mobil by 0.4% in the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after purchasing an additional 1,069,038 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.
NYSE:XOM traded down $1.37 on Friday, hitting $70.77. The company’s stock had a trading volume of 11,673,915 shares, compared to its average volume of 11,457,568. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $69.60 and a two-hundred day moving average of $72.99. The firm has a market capitalization of $309.25 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $83.49.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. The firm had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.92%. The ex-dividend date is Friday, November 8th. Exxon Mobil’s payout ratio is presently 70.59%.
A number of equities research analysts recently commented on XOM shares. Zacks Investment Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd. Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Jefferies Financial Group reiterated a “neutral” rating and issued a $76.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Royal Bank of Canada reiterated a “neutral” rating and issued a $75.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Finally, UBS Group dropped their price objective on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $78.91.
Exxon Mobil 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 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.
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