Great Lakes Advisors LLC Raises Stock Position in Exxon Mobil Corporation $XOM

Great Lakes Advisors LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.3% during the 1st quarter, Holdings Channel reports. The firm owned 1,480,294 shares of the oil and gas company’s stock after purchasing an additional 32,721 shares during the period. Exxon Mobil makes up approximately 1.6% of Great Lakes Advisors LLC’s portfolio, making the stock its 6th biggest position. Great Lakes Advisors LLC’s holdings in Exxon Mobil were worth $175,175,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 10Elms LLP bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil in the 1st quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Wall Street Zen lowered shares of Exxon Mobil from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $125.00.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.23 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $465.66 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57. The company’s 50 day moving average price is $110.45 and its two-hundred day moving average price is $109.10.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same period last year, the business earned $2.14 earnings per share. The firm’s revenue was down 12.4% on a year-over-year basis. On average, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

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.