Exxon Mobil Co. (XOM) Holdings Raised by BKS Advisors LLC
BKS Advisors LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 35.0% in the second quarter, HoldingsChannel reports. The firm owned 5,139 shares of the oil and gas company’s stock after buying an additional 1,331 shares during the quarter. BKS Advisors LLC’s holdings in Exxon Mobil were worth $425,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of XOM. BlackRock Inc. grew its position in shares of Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after acquiring an additional 2,982,610 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Exxon Mobil by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock valued at $2,281,575,000 after acquiring an additional 1,200,678 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Exxon Mobil by 8.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,735,708 shares of the oil and gas company’s stock valued at $1,136,355,000 after acquiring an additional 1,045,871 shares during the period. Franklin Resources Inc. grew its position in shares of Exxon Mobil by 3.0% during the 1st quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock valued at $980,635,000 after acquiring an additional 376,686 shares during the period. Finally, Federated Investors Inc. PA grew its position in shares of Exxon Mobil by 2.2% during the 1st quarter. Federated Investors Inc. PA now owns 9,828,594 shares of the oil and gas company’s stock valued at $733,311,000 after acquiring an additional 208,450 shares during the period. 52.39% of the stock is owned by institutional investors and hedge funds.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The business had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same period in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post 4.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s dividend payout ratio is presently 91.36%.
XOM has been the subject of a number of research reports. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, August 22nd. HSBC reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil in a report on Wednesday, September 12th. Credit Suisse Group set a $80.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, September 6th. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Monday, October 1st. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Exxon Mobil in a report on Tuesday, October 23rd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $87.22.
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About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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