Exxon Mobil Co. (NYSE:XOM) is Cypress Capital Group’s 8th Largest Position

Cypress Capital Group boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 74.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,603 shares of the oil and gas company’s stock after buying an additional 59,893 shares during the quarter. Exxon Mobil accounts for approximately 1.9% of Cypress Capital Group’s holdings, making the stock its 8th biggest position. Cypress Capital Group’s holdings in Exxon Mobil were worth $16,186,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XOM. Raymond James Trust N.A. grew its stake in shares of Exxon Mobil by 27.8% during the 2nd quarter. Raymond James Trust N.A. now owns 207,150 shares of the oil and gas company’s stock valued at $23,847,000 after purchasing an additional 45,015 shares during the period. Wedgewood Investors Inc. PA bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $1,181,000. Capital Advisors Ltd. LLC grew its stake in shares of Exxon Mobil by 3.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 6,235 shares of the oil and gas company’s stock valued at $718,000 after purchasing an additional 196 shares during the period. Calamos Advisors LLC grew its stake in shares of Exxon Mobil by 36.2% during the 2nd quarter. Calamos Advisors LLC now owns 1,096,126 shares of the oil and gas company’s stock valued at $126,186,000 after acquiring an additional 291,465 shares during the period. Finally, Northcape Wealth Management LLC grew its stake in shares of Exxon Mobil by 3.8% during the 2nd quarter. Northcape Wealth Management LLC now owns 32,648 shares of the oil and gas company’s stock valued at $3,758,000 after acquiring an additional 1,210 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.9 %

NYSE:XOM traded up $2.23 during midday trading on Monday, hitting $118.55. 2,442,660 shares of the company traded hands, compared to its average volume of 16,975,826. The firm’s fifty day moving average is $115.14 and its 200-day moving average is $113.94. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market capitalization of $467.44 billion, a P/E ratio of 14.25, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho boosted their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group boosted their price objective on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.56.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.