St. Clair Advisors LLC Has $2.43 Million Stock Holdings in Exxon Mobil Corporation $XOM

St. Clair Advisors LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,506 shares of the oil and gas company’s stock after acquiring an additional 1,228 shares during the quarter. Exxon Mobil accounts for approximately 0.6% of St. Clair Advisors LLC’s investment portfolio, making the stock its 29th biggest position. St. Clair Advisors LLC’s holdings in Exxon Mobil were worth $2,426,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp increased its position in Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. increased its position in Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock worth $3,850,167,000 after acquiring an additional 512,860 shares during the period. Ameriprise Financial Inc. increased its position in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Amundi increased its position in Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock worth $2,966,598,000 after acquiring an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock worth $3,028,968,000 after acquiring an additional 909,386 shares during the period. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on XOM shares. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average target price of $124.81.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.1%

NYSE:XOM opened at $112.21 on Friday. The firm’s 50 day simple moving average is $110.55 and its 200 day simple moving average is $109.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a market cap of $478.38 billion, a PE ratio of 15.94, a P/E/G ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the company earned $2.14 EPS. The firm’s revenue was down 12.4% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is 56.25%.

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.