Lehman & Derafelo Financial Resources LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,896 shares of the oil and gas company’s stock after purchasing an additional 2,327 shares during the period. Lehman & Derafelo Financial Resources LLC’s holdings in Exxon Mobil were worth $1,471,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in XOM. First Eagle Investment Management LLC lifted its holdings in shares of Exxon Mobil by 38.2% during the 1st quarter. First Eagle Investment Management LLC now owns 27,551,706 shares of the oil and gas company’s stock worth $1,046,138,000 after acquiring an additional 7,611,498 shares during the period. State Street Corp lifted its holdings in shares of Exxon Mobil by 2.1% during the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock worth $7,840,960,000 after acquiring an additional 4,222,270 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 18.9% during the 1st quarter. Franklin Resources Inc. now owns 25,832,354 shares of the oil and gas company’s stock worth $980,847,000 after acquiring an additional 4,097,287 shares during the period. Morgan Stanley lifted its holdings in shares of Exxon Mobil by 18.6% during the 1st quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after acquiring an additional 3,223,089 shares during the period. Finally, RWWM Inc. lifted its holdings in shares of Exxon Mobil by 26,527.1% during the 1st quarter. RWWM Inc. now owns 3,044,279 shares of the oil and gas company’s stock worth $115,591,000 after acquiring an additional 3,032,846 shares during the period. Hedge funds and other institutional investors own 52.16% of the company’s stock.
Shares of XOM traded up $0.21 during trading hours on Friday, hitting $42.08. 32,123,002 shares of the stock were exchanged, compared to its average volume of 18,976,564. Exxon Mobil Co. has a fifty-two week low of $30.11 and a fifty-two week high of $75.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The business has a 50-day moving average of $44.44 and a 200-day moving average of $48.35. The firm has a market capitalization of $177.04 billion, a P/E ratio of 15.76 and a beta of 1.33.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend is Wednesday, August 12th. Exxon Mobil’s payout ratio is 154.67%.
A number of analysts have recently weighed in on XOM shares. Cowen reaffirmed a “hold” rating and set a $34.00 price target on shares of Exxon Mobil in a report on Thursday, July 2nd. Mizuho cut their price target on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Scotiabank cut their price target on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating for the company in a report on Monday, July 13th. UBS Group increased their price objective on shares of Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Co increased their price objective on shares of Exxon Mobil from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $53.17.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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