Family Management Corp Has $3.52 Million Position in Exxon Mobil Co. (NYSE:XOM)

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Family Management Corp boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,937 shares of the oil and gas company’s stock after buying an additional 3,395 shares during the period. Exxon Mobil makes up about 1.4% of Family Management Corp’s investment portfolio, making the stock its 21st biggest position. Family Management Corp’s holdings in Exxon Mobil were worth $3,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Canandaigua National Bank & Trust Co. grew its position in Exxon Mobil by 1.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock valued at $20,116,000 after purchasing an additional 3,357 shares in the last quarter. Krueger & Catalano Capital Partners LLC grew its position in Exxon Mobil by 61.2% during the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock worth $913,000 after purchasing an additional 4,525 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in shares of Exxon Mobil by 0.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after acquiring an additional 1,440 shares in the last quarter. Mount Vernon Associates Inc. MD grew its holdings in shares of Exxon Mobil by 83.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after acquiring an additional 6,103 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its stake in shares of Exxon Mobil by 2.0% in the 2nd quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after purchasing an additional 4,922 shares during the last quarter. Institutional investors own 54.42% of the company’s stock.

Shares of XOM stock opened at $72.29 on Friday. The firm has a fifty day moving average of $70.21 and a 200-day moving average of $75.79. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a market capitalization of $309.59 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 2.18 and a beta of 0.99.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Co. will post 3.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, August 12th. Exxon Mobil’s dividend payout ratio is 70.59%.

In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.

XOM has been the subject of a number of research analyst reports. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and cut their target price for the stock from $72.00 to $70.00 in a research report on Tuesday, August 6th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. UBS Group decreased their price objective on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Finally, Bank of America reiterated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and an average target price of $81.13.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: What Factors Can Affect Return on Equity?

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

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