Swift Run Capital Management LLC Has $424,000 Holdings in Exxon Mobil Corporation (XOM)
Swift Run Capital Management LLC held its stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,253 shares of the oil and gas company’s stock at the close of the second quarter. Swift Run Capital Management LLC’s holdings in Exxon Mobil were worth $424,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. CNA Financial Corp grew its position in Exxon Mobil by 23.1% during the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after purchasing an additional 3,725 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Exxon Mobil during the 1st quarter worth $754,000. Doyle Wealth Management grew its position in Exxon Mobil by 2.7% during the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock worth $20,935,000 after purchasing an additional 6,921 shares during the last quarter. Shell Asset Management Co. grew its position in Exxon Mobil by 1.6% during the 2nd quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock worth $65,262,000 after purchasing an additional 12,362 shares during the last quarter. Finally, Holderness Investments Co. boosted its holdings in shares of Exxon Mobil by 48.1% in the first quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after acquiring an additional 15,687 shares in the last quarter. 51.22% of the stock is currently owned by institutional investors.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up $0.50 during midday trading on Wednesday, hitting $82.17. 5,434,817 shares of the company traded hands, compared to its average volume of 10,917,226. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The firm has a market capitalization of $346,040.00, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The firm had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter last year, the business earned $0.63 earnings per share. research analysts forecast that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is 100.33%.
Several analysts have recently weighed in on the stock. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $93.75 target price on the stock in a report on Tuesday. BNP Paribas set a $70.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a report on Monday, September 25th. Royal Bank Of Canada set a $90.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 3rd. Morgan Stanley set a $85.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a report on Tuesday, October 17th. Finally, set a $81.50 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 3rd. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $85.91.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.
About Exxon Mobil
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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