Intech Investment Management LLC Has $72.68 Million Stock Holdings in Exxon Mobil Corporation $XOM

Intech Investment Management LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 10.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 674,189 shares of the oil and gas company’s stock after acquiring an additional 65,665 shares during the period. Exxon Mobil makes up approximately 0.7% of Intech Investment Management LLC’s holdings, making the stock its 21st largest holding. Intech Investment Management LLC’s holdings in Exxon Mobil were worth $72,678,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Eagle Capital Management LLC grew its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the period. Brucke Financial Inc. lifted its holdings in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares in the last quarter. Napatree Capital LLC grew its position in Exxon Mobil by 8.4% in the 1st quarter. Napatree Capital LLC now owns 10,223 shares of the oil and gas company’s stock valued at $1,216,000 after purchasing an additional 788 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in Exxon Mobil by 1.3% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 207,671 shares of the oil and gas company’s stock valued at $24,698,000 after purchasing an additional 2,712 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Exxon Mobil by 3.6% during the first quarter. Verdence Capital Advisors LLC now owns 115,128 shares of the oil and gas company’s stock worth $13,692,000 after buying an additional 3,999 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.67.

Exxon Mobil Trading Up 0.4%

Shares of Exxon Mobil stock opened at $119.21 on Friday. The stock has a fifty day moving average price of $114.07 and a 200-day moving average price of $110.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $502.73 billion, a PE ratio of 16.93, a P/E/G ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.