RMB Capital Management LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

RMB Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 60.3% during the first quarter, Holdings Channel reports. The institutional investor owned 31,675 shares of the oil and gas company’s stock after buying an additional 11,913 shares during the quarter. RMB Capital Management LLC’s holdings in Exxon Mobil were worth $2,616,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Exxon Mobil by 0.4% in the fourth quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after purchasing an additional 1,128,974 shares during the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after purchasing an additional 3,441,825 shares during the last quarter. Norges Bank purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $3,184,424,000. GQG Partners LLC increased its stake in Exxon Mobil by 21.8% in the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after purchasing an additional 5,807,202 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Exxon Mobil by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock valued at $1,873,632,000 after purchasing an additional 164,733 shares during the last quarter. 54.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XOM shares. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price target for the company from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $90.00 to $100.00 in a research note on Thursday, April 21st. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $125.00 in a report on Tuesday, June 21st. Bank of America increased their price objective on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.40.

Insider Activity

In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. Insiders have sold 7,147 shares of company stock worth $698,858 over the last ninety days. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 1.4 %

Shares of XOM opened at $88.45 on Friday. 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 firm’s 50-day moving average is $90.93 and its two-hundred day moving average is $85.91. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $105.57. The firm has a market capitalization of $372.60 billion, a P/E ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was up 70.8% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 12.35 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.98%. Exxon Mobil’s payout ratio is currently 38.51%.

Exxon Mobil Profile

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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.

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

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