Lumbard & Kellner LLC Holds Stake in Exxon Mobil Corporation (XOM)
Lumbard & Kellner LLC maintained its position in shares of Exxon Mobil Corporation (NYSE:XOM) during the first quarter, Holdings Channel reports. The institutional investor owned 8,856 shares of the oil and gas company’s stock at the end of the first quarter. Lumbard & Kellner LLC’s holdings in Exxon Mobil Corporation were worth $726,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter worth approximately $3,306,084,000. State Street Corp boosted its stake in Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares in the last quarter. Pioneer Investment Management Inc. boosted its stake in Exxon Mobil Corporation by 142.4% in the first quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock worth $182,052,000 after buying an additional 1,304,036 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares in the last quarter. Finally, Alkeon Capital Management LLC purchased a new stake in Exxon Mobil Corporation during the fourth quarter worth about $72,935,000. Institutional investors own 50.59% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.96% during trading on Friday, hitting $78.21. The stock had a trading volume of 10,192,375 shares. Exxon Mobil Corporation has a one year low of $78.20 and a one year high of $93.22. The stock has a market capitalization of $331.38 billion, a price-to-earnings ratio of 28.19 and a beta of 0.81. The stock has a 50 day moving average price of $80.50 and a 200-day moving average price of $81.75.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.94%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
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XOM has been the topic of a number of research reports. Simmons boosted their price objective on Exxon Mobil Corporation from $76.00 to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, April 19th. Morgan Stanley restated a “sell” rating and set a $85.00 price objective on shares of Exxon Mobil Corporation in a research report on Monday, April 24th. UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, April 25th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research report on Tuesday, April 25th. Finally, BMO Capital Markets restated a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil Corporation in a research report on Friday, April 28th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and an average price target of $84.98.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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