Carnegie Capital Asset Management LLC Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Carnegie Capital Asset Management LLC increased its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,626 shares of the oil and gas company’s stock after purchasing an additional 1,615 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Exxon Mobil were worth $4,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Guardian Wealth Management Inc. purchased a new position in shares of Exxon Mobil during the 4th quarter worth $30,000. GW&K Investment Management LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth $32,000. CFS Investment Advisory Services LLC boosted its stake in shares of Exxon Mobil by 8,482.4% during the 1st quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 1,624,980 shares during the last quarter. GoalVest Advisory LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth $38,000. Finally, Dravo Bay LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth $38,000. Hedge funds and other institutional investors own 56.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Bank of America raised their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. HSBC raised their price objective on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research report on Wednesday, July 20th. Finally, Barclays raised their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $96.69.

Exxon Mobil Price Performance

XOM stock opened at $90.57 on Friday. Exxon Mobil Co. has a 12 month low of $55.28 and a 12 month high of $105.57. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $93.05 and a 200 day moving average price of $89.79. The stock has a market cap of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.31 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same period in the previous year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 70.8% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Insider Buying and Selling

In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the transaction, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the transaction, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Profile

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Read More

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.