Exxon Mobil Corporation (XOM) is Altfest L J & Co. Inc.’s 5th Largest Position

Altfest L J & Co. Inc. cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,131 shares of the oil and gas company’s stock after selling 189 shares during the period. Exxon Mobil Corporation comprises approximately 2.7% of Altfest L J & Co. Inc.’s portfolio, making the stock its 5th largest position. Altfest L J & Co. Inc.’s holdings in Exxon Mobil Corporation were worth $4,531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. State Street Corp lifted its position in Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after acquiring an additional 15,740,895 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Exxon Mobil Corporation by 22.7% in the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock valued at $910,002,000 after buying an additional 2,088,263 shares during the last quarter. Pioneer Investment Management Inc. raised its holdings in shares of Exxon Mobil Corporation by 142.4% in the first quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock valued at $182,052,000 after buying an additional 1,304,036 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock valued at $1,567,780,000 after buying an additional 1,150,881 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its holdings in shares of Exxon Mobil Corporation by 28.5% in the first quarter. State of Tennessee Treasury Department now owns 3,214,501 shares of the oil and gas company’s stock valued at $263,621,000 after buying an additional 712,959 shares during the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Corporation (XOM) traded up 0.309% during mid-day trading on Tuesday, reaching $79.495. 3,800,101 shares of the company’s stock were exchanged. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The company has a market cap of $336.83 billion, a PE ratio of 28.657 and a beta of 0.82. The stock has a 50-day moving average price of $78.39 and a 200 day moving average price of $80.88.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the prior year, the business earned $0.41 earnings per share. Exxon Mobil Corporation’s revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were paid a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.89%. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.

XOM has been the subject of several analyst reports. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Argus restated a “focus list” rating and set a $104.00 target price (up from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. UBS AG set a $75.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Thursday, June 8th. Hilliard Lyons started coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 target price on the stock. Finally, Citigroup Inc. lowered their target price on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Exxon Mobil Corporation has a consensus rating of “Hold” and an average price target of $84.44.

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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Exxon Mobil Corporation Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

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