Comprehensive Portfolio Management LLC Has $1.15 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

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Comprehensive Portfolio Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 28.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,296 shares of the oil and gas company’s stock after purchasing an additional 3,653 shares during the period. Comprehensive Portfolio Management LLC’s holdings in Exxon Mobil were worth $1,151,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Sigma Investment Counselors Inc. lifted its position in Exxon Mobil by 0.4% in the second quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after purchasing an additional 142 shares during the period. Riverstone Advisors LLC lifted its position in Exxon Mobil by 0.5% in the second quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock worth $2,349,000 after purchasing an additional 142 shares during the period. Alpha Windward LLC lifted its position in Exxon Mobil by 3.1% in the second quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock worth $364,000 after purchasing an additional 144 shares during the period. Saratoga Research & Investment Management lifted its holdings in shares of Exxon Mobil by 4.1% during the second quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 145 shares during the period. Finally, Jupiter Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 0.4% during the second quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after acquiring an additional 145 shares during the period. Institutional investors own 54.39% of the company’s stock.

A number of brokerages have issued reports on XOM. UBS Group cut their price objective on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Goldman Sachs Group reissued a “neutral” rating and set a $74.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and cut their price objective for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Finally, BMO Capital Markets began coverage on Exxon Mobil in a report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $78.91.

XOM stock traded down $1.37 during midday trading on Friday, reaching $70.77. The stock had a trading volume of 11,673,915 shares, compared to its average volume of 11,457,568. The firm has a market cap of $309.25 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $83.49. The business has a fifty day simple moving average of $69.60 and a two-hundred day simple moving average of $72.99. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The company had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 2.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.92%. Exxon Mobil’s payout ratio is currently 70.59%.

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

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