Exxon Mobil Corporation $XOM Shares Acquired by ICONIQ Capital LLC

ICONIQ Capital LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 41.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 22,495 shares of the oil and gas company’s stock after purchasing an additional 6,576 shares during the period. ICONIQ Capital LLC’s holdings in Exxon Mobil were worth $2,425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. IHT Wealth Management LLC grew its holdings in Exxon Mobil by 1.0% in the second quarter. IHT Wealth Management LLC now owns 54,713 shares of the oil and gas company’s stock valued at $5,898,000 after purchasing an additional 527 shares during the period. Great Valley Advisor Group Inc. lifted its position in shares of Exxon Mobil by 7.0% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 58,591 shares of the oil and gas company’s stock valued at $6,316,000 after buying an additional 3,832 shares in the last quarter. Game Creek Capital LP grew its stake in Exxon Mobil by 18.5% in the 2nd quarter. Game Creek Capital LP now owns 9,598 shares of the oil and gas company’s stock valued at $1,035,000 after acquiring an additional 1,500 shares during the period. Garden State Investment Advisory Services LLC grew its stake in Exxon Mobil by 4.1% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 9,615 shares of the oil and gas company’s stock valued at $1,037,000 after acquiring an additional 380 shares during the period. Finally, Elevatus Welath Management increased its holdings in Exxon Mobil by 3.2% in the 2nd quarter. Elevatus Welath Management now owns 17,582 shares of the oil and gas company’s stock worth $1,895,000 after acquiring an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Morgan Stanley raised their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. UBS Group reissued a “buy” rating on shares of Exxon Mobil in a report on Tuesday. Finally, Jefferies Financial Group raised their target price on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.24.

Exxon Mobil Trading Down 0.6%

Shares of XOM opened at $118.77 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The firm has a market capitalization of $500.88 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.50 and a beta of 0.38. The firm has a 50-day moving average price of $115.60 and a 200 day moving average price of $112.16. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.5%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

Exxon Mobil Company 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.