Ieq Capital LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 66.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,427 shares of the oil and gas company’s stock after buying an additional 44,478 shares during the period. Ieq Capital LLC’s holdings in Exxon Mobil were worth $9,728,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Karp Capital Management Corp bought a new position in Exxon Mobil during the 3rd quarter valued at about $28,000. Mine & Arao Wealth Creation & Management LLC. boosted its position in Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 169 shares during the period. Horizons Wealth Management purchased a new stake in Exxon Mobil in the 2nd quarter valued at about $41,000. Orion Capital Management LLC purchased a new stake in Exxon Mobil in the 3rd quarter valued at about $44,000. Finally, Turim 21 Investimentos Ltda. boosted its position in Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares during the period. 57.49% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on XOM shares. Barclays boosted their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Citigroup upped their price target on shares of Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. Jefferies Financial Group raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and upped their price target for the stock from $90.00 to $133.00 in a research report on Wednesday, October 19th. Exane BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target for the company in a research report on Tuesday, November 1st. Finally, HSBC upped their price target on shares of Exxon Mobil to $111.00 in a research report on Friday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $114.35.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion for the quarter, compared to analyst estimates of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The firm’s revenue was up 51.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 13.92 earnings per share for the current year.
Exxon Mobil Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is 29.71%.
In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the transaction, the vice president now owns 34,272 shares of the company’s stock, valued at approximately $3,598,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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