Lucas Capital Management lowered its position in Exxon Mobil Co. (NYSE:XOM) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,668 shares of the oil and gas company’s stock after selling 1,099 shares during the quarter. Exxon Mobil comprises 2.6% of Lucas Capital Management’s investment portfolio, making the stock its 11th largest holding. Lucas Capital Management’s holdings in Exxon Mobil were worth $2,703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XOM. First Eagle Investment Management LLC increased its holdings in Exxon Mobil by 43.0% in the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after acquiring an additional 5,440,412 shares during the last quarter. Eaton Vance Management grew its holdings in Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after buying an additional 3,136,452 shares in the last quarter. BlackRock Inc. grew its holdings in Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after buying an additional 2,982,610 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Exxon Mobil by 224.5% during the 1st quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock valued at $281,452,000 after buying an additional 2,609,710 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock valued at $4,642,701,000 after buying an additional 2,474,965 shares in the last quarter. 52.60% of the stock is owned by institutional investors.

A number of research firms have weighed in on XOM. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $88.00 target price on shares of Exxon Mobil in a report on Tuesday, July 10th. Macquarie reaffirmed a “sell” rating and set a $70.00 target price on shares of Exxon Mobil in a report on Tuesday, July 10th. Barclays reaffirmed a “sell” rating and set a $84.00 target price on shares of Exxon Mobil in a report on Tuesday, July 10th. Morningstar set a $85.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, June 11th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a report on Monday, June 11th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.66.

Shares of XOM opened at $83.41 on Tuesday. The stock has a market cap of $352.26 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.39 and a beta of 0.86. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. equities analysts forecast that Exxon Mobil Co. will post 4.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, August 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.93%. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.

Exxon Mobil Profile

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Further Reading: Understanding Average Daily Trade Volume

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

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