Exxon Mobil Co. (NYSE:XOM) Position Increased by Grand Central Investment Group

Grand Central Investment Group boosted its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 32,868 shares of the oil and gas company’s stock after buying an additional 417 shares during the quarter. Exxon Mobil comprises approximately 4.1% of Grand Central Investment Group’s holdings, making the stock its 9th biggest position. Grand Central Investment Group’s holdings in Exxon Mobil were worth $2,815,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Swaine & Leidel Wealth Services LLC purchased a new stake in Exxon Mobil during the first quarter worth $38,000. GW&K Investment Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at $32,000. Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil in the second quarter valued at $38,000. GoalVest Advisory LLC acquired a new position in Exxon Mobil in the first quarter valued at $38,000. Finally, Dravo Bay LLC acquired a new position in Exxon Mobil in the first quarter valued at $38,000. 56.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. Bank of America upped their price target on Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Morgan Stanley increased their target price on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, September 6th. The Goldman Sachs Group increased their target price on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Barclays increased their target price on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Finally, HSBC increased their price target on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $96.69.

Exxon Mobil Stock Down 0.4 %

XOM 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 debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The stock has a market cap of $377.46 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07. The stock’s 50 day moving average price is $93.05 and its 200 day moving average price is $89.79.

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

Exxon Mobil Dividend Announcement

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

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares in the company, valued at approximately $2,635,839.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Jeffrey W. Ubben acquired 960,000 shares of Exxon Mobil stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the purchase, the director now directly owns 1,137,000 shares in the company, valued at approximately $100,635,870. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following 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 insiders.

About Exxon Mobil

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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.

Further Reading

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

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