Exxon Mobil Corporation (XOM) Stake Raised by Empirical Financial Services LLC

Empirical Financial Services LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,928 shares of the oil and gas company’s stock after purchasing an additional 467 shares during the period. Empirical Financial Services LLC’s holdings in Exxon Mobil were worth $479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in Exxon Mobil by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Exxon Mobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after acquiring an additional 7,134,305 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in Exxon Mobil by 8,029.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after acquiring an additional 3,695,728 shares during the last quarter. APG Asset Management N.V. increased its holdings in Exxon Mobil by 22.7% in the 2nd quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after acquiring an additional 2,088,263 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Exxon Mobil by 340.8% in the 2nd quarter. First Trust Advisors LP now owns 2,426,808 shares of the oil and gas company’s stock worth $195,916,000 after acquiring an additional 1,876,293 shares during the last quarter. Institutional investors own 51.18% of the company’s stock.

A number of research firms have weighed in on XOM. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 target price for the company in a report on Thursday. UBS set a $83.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. BNP Paribas set a $75.00 target price on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, November 15th. Finally, Goldman Sachs Group set a $86.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Tuesday, November 7th. 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 company currently has a consensus rating of “Hold” and a consensus price target of $86.14.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James M. Spellings, Jr. sold 9,379 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The disclosure for this sale can be found here. Insiders have sold 42,513 shares of company stock valued at $3,465,657 in the last three months. 0.08% of the stock is owned by insiders.

Shares of Exxon Mobil Corporation (NYSE:XOM) traded up $0.28 during midday trading on Thursday, hitting $82.56. The stock had a trading volume of 4,358,146 shares, compared to its average volume of 10,968,063. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $351,213.72, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. analysts anticipate that Exxon Mobil Corporation will post 3.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s payout ratio is 100.33%.

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Exxon Mobil Profile

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.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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