Twin Lakes Capital Management LLC Has $4.60 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Twin Lakes Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,916 shares of the oil and gas company’s stock after purchasing an additional 182 shares during the period. Exxon Mobil accounts for 2.7% of Twin Lakes Capital Management LLC’s portfolio, making the stock its 8th largest holding. Twin Lakes Capital Management LLC’s holdings in Exxon Mobil were worth $4,595,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XOM. Massachusetts Financial Services Co. MA lifted its position in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares in the last quarter. Global Assets Advisory LLC raised its stake in Exxon Mobil by 16,399.4% during the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after purchasing an additional 12,540,435 shares during the period. Fisher Asset Management LLC raised its stake in Exxon Mobil by 565.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after purchasing an additional 11,199,696 shares during the period. Primecap Management Co. CA purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $980,210,000. Finally, Capital International Investors boosted its stake in Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 2.7 %

Shares of XOM opened at $115.82 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $115.76 and a 200 day moving average of $115.71. The company has a market cap of $456.68 billion, a PE ratio of 14.19, a P/E/G ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $1.94 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Barclays reduced their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $135.00.

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.