Exxon Mobil Co. (XOM) Shares Bought by Perennial Advisors LLC

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Perennial Advisors LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,810 shares of the oil and gas company’s stock after purchasing an additional 921 shares during the period. Perennial Advisors LLC’s holdings in Exxon Mobil were worth $1,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock valued at $2,281,575,000 after purchasing an additional 1,200,678 shares in the last quarter. Swiss National Bank grew its position in Exxon Mobil by 2.9% during the second quarter. Swiss National Bank now owns 15,058,036 shares of the oil and gas company’s stock valued at $1,245,751,000 after purchasing an additional 423,200 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Exxon Mobil by 8.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,735,708 shares of the oil and gas company’s stock valued at $1,136,355,000 after purchasing an additional 1,045,871 shares in the last quarter. LSV Asset Management grew its position in Exxon Mobil by 5.1% during the second quarter. LSV Asset Management now owns 9,895,042 shares of the oil and gas company’s stock valued at $818,616,000 after purchasing an additional 477,971 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Exxon Mobil by 3.6% during the first quarter. The Manufacturers Life Insurance Company now owns 7,628,285 shares of the oil and gas company’s stock valued at $569,147,000 after purchasing an additional 262,273 shares in the last quarter. 53.33% of the stock is currently owned by hedge funds and other institutional investors.

NYSE XOM opened at $77.64 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The firm has a market cap of $336.58 billion, a P/E ratio of 21.63, a PEG ratio of 2.20 and a beta of 0.84. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.25. The business had revenue of $76.61 billion during the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. Exxon Mobil’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 4.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s dividend payout ratio is currently 91.36%.

XOM has been the topic of a number of research analyst reports. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, August 22nd. HSBC reissued a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil in a research report on Wednesday, September 12th. Wolfe Research raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. Raymond James reissued a “sell” rating on shares of Exxon Mobil in a research report on Monday, November 26th. Finally, Credit Suisse Group set a $80.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.82.

In related news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David S. Rosenthal sold 7,562 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $81.24, for a total transaction of $614,336.88. Following the sale, the vice president now directly owns 258,250 shares of the company’s stock, valued at $20,980,230. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,939 shares of company stock valued at $3,241,095. 0.08% of the stock is owned by insiders.

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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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

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

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