Lingohr Asset Management GmbH Buys 54,597 Shares of Exxon Mobil Corporation $XOM

Lingohr Asset Management GmbH boosted its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 669.1% during the third quarter, Holdings Channel.com reports. The fund owned 62,757 shares of the oil and gas company’s stock after acquiring an additional 54,597 shares during the quarter. Exxon Mobil accounts for 1.7% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 17th largest holding. Lingohr Asset Management GmbH’s holdings in Exxon Mobil were worth $7,076,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Westfuller Advisors LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at approximately $30,000. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $40,000. TruNorth Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares in the last quarter. Bare Financial Services Inc boosted its position in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its stake in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $141.43 on Friday. The stock has a market cap of $596.43 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 14.84 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The stock has a 50 day moving average price of $122.80 and a 200-day moving average price of $116.10. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $142.34.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.Exxon Mobil’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Exxon Mobil’s payout ratio is currently 59.88%.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several research reports. Citigroup increased their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Barclays boosted their target price on Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Monday. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research report on Friday, January 9th. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $133.93.

Check Out Our Latest Report on XOM

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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