Berkshire Asset Management LLC PA boosted its position in Exxon Mobil Co. (NYSE:XOM) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,531 shares of the oil and gas company’s stock after buying an additional 5,383 shares during the quarter. Exxon Mobil accounts for approximately 2.6% of Berkshire Asset Management LLC PA’s holdings, making the stock its 5th biggest holding. Berkshire Asset Management LLC PA’s holdings in Exxon Mobil were worth $28,007,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Koch Industries Inc. increased its position in shares of Exxon Mobil by 343.1% in the 1st quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock worth $932,000 after purchasing an additional 9,676 shares during the last quarter. Eaton Vance Management increased its position in shares of Exxon Mobil by 53.6% in the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock worth $670,382,000 after purchasing an additional 3,136,452 shares during the last quarter. First Financial Bank Trust Division increased its position in shares of Exxon Mobil by 3.5% in the 2nd quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock worth $7,078,000 after purchasing an additional 2,883 shares during the last quarter. TLP Group LLC increased its position in shares of Exxon Mobil by 2,160.1% in the 1st quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock worth $317,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Kempen Capital Management N.V. increased its position in shares of Exxon Mobil by 5.3% in the 1st quarter. Kempen Capital Management N.V. now owns 309,250 shares of the oil and gas company’s stock worth $23,073,000 after purchasing an additional 15,450 shares during the last quarter. Hedge funds and other institutional investors own 52.43% of the company’s stock.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
Shares of NYSE:XOM opened at $85.77 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The stock has a market cap of $366.54 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. During the same quarter last year, the company posted $0.78 EPS. Exxon Mobil’s revenue for the quarter was up 26.6% on a year-over-year basis. equities analysts expect that Exxon Mobil Co. will post 4.6 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is 91.36%.
XOM has been the subject of several research analyst reports. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. BNP Paribas set a $85.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, August 28th. Jefferies Financial Group set a $87.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 24th. HSBC reissued a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil in a research report on Wednesday, September 12th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $93.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 11th. Five equities 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 has a consensus rating of “Hold” and a consensus target price of $87.13.
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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