Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 260.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,569 shares of the oil and gas company’s stock after buying an additional 12,689 shares during the quarter. Graham Capital Management L.P.’s holdings in Exxon Mobil were worth $1,451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XOM. Guardian Wealth Management Inc. acquired a new position in Exxon Mobil in the fourth quarter worth approximately $30,000. GW&K Investment Management LLC acquired a new position in Exxon Mobil in the first quarter worth approximately $32,000. Core Wealth Advisors Inc. grew its position in Exxon Mobil by 454.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after buying an additional 500 shares during the last quarter. GoalVest Advisory LLC acquired a new position in Exxon Mobil in the first quarter worth approximately $38,000. Finally, Dravo Bay LLC acquired a new position in Exxon Mobil in the first quarter worth approximately $38,000. Institutional investors and hedge funds own 56.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. Citigroup raised their price objective on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 19th. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, August 11th. Finally, HSBC raised their price objective on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.74.

Insider Activity

In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 960,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the acquisition, the director now owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jeffrey W. Ubben bought 960,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the acquisition, the director now directly owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.

Exxon Mobil Stock Up 1.7 %

Exxon Mobil stock opened at $96.50 on Friday. The company has a market capitalization of $402.18 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.31 and a beta of 1.07. The firm’s fifty day simple moving average is $91.45 and its 200-day simple moving average is $89.01. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a 1-year low of $52.96 and a 1-year high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. The business had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. Exxon Mobil’s revenue for the quarter was up 70.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 12.69 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is currently 38.51%.

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.

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

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