Exxon Mobil Corporation (XOM) is Barrett Asset Management LLC’s 3rd Largest Position
Barrett Asset Management LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 557,450 shares of the oil and gas company’s stock after buying an additional 10,072 shares during the quarter. Exxon Mobil Corporation makes up about 3.4% of Barrett Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Barrett Asset Management LLC’s holdings in Exxon Mobil Corporation were worth $45,003,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. CNA Financial Corp grew its position in shares of Exxon Mobil Corporation by 23.1% in the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after buying an additional 3,725 shares during the period. Two Sigma Securities LLC purchased a new stake in Exxon Mobil Corporation during the 1st quarter valued at about $754,000. Doyle Wealth Management grew its position in Exxon Mobil Corporation by 2.7% during the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after purchasing an additional 6,921 shares during the last quarter. Shell Asset Management Co. grew its position in Exxon Mobil Corporation by 1.6% during the 2nd quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock valued at $65,262,000 after purchasing an additional 12,362 shares during the last quarter. Finally, Holderness Investments Co. grew its position in Exxon Mobil Corporation by 48.1% during the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after purchasing an additional 15,687 shares during the last quarter. 50.83% of the stock is currently owned by hedge funds and other institutional investors.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.
XOM has been the topic of several recent analyst reports. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price objective on the stock in a research report on Tuesday, August 29th. Wolfe Research downgraded shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Piper Jaffray Companies set a $76.00 price objective on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Friday, August 25th. Citigroup Inc. cut their price objective on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $88.00 price objective on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, July 20th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.57.
Shares of Exxon Mobil Corporation (XOM) opened at $82.94 on Monday. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The company has a market cap of $351,430.00, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter last year, the business earned $0.63 EPS. equities analysts forecast that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is 100.33%.
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About Exxon Mobil Corporation
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.
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