Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.8% in the 2nd quarter, Holdings Channel reports. The firm owned 32,609 shares of the oil and gas company’s stock after purchasing an additional 3,439 shares during the period. Levin Capital Strategies L.P.’s holdings in Exxon Mobil were worth $3,754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Patron Partners LLC boosted its stake in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after acquiring an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. lifted its holdings in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after purchasing an additional 1,836 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $136,000. Mizuho Markets Americas LLC grew its holdings in shares of Exxon Mobil by 37.8% during the fourth quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock worth $4,170,000 after buying an additional 11,434 shares in the last quarter. Finally, Scarborough Advisors LLC lifted its stake in shares of Exxon Mobil by 720.2% in the fourth quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock worth $1,597,000 after buying an additional 14,030 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company lowered their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Wolfe Research assumed coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.29.

Exxon Mobil Trading Up 1.4 %

Shares of NYSE XOM opened at $111.23 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $438.58 billion, a PE ratio of 13.63, a PEG ratio of 4.48 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a fifty day simple moving average of $115.70 and a 200-day simple moving average of $114.94.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Exxon Mobil Company 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.