Aveo Capital Partners LLC Increases Position in Exxon Mobil Corporation (XOM)

Aveo Capital Partners LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,679 shares of the oil and gas company’s stock after purchasing an additional 831 shares during the period. Aveo Capital Partners LLC’s holdings in Exxon Mobil Corporation were worth $620,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in XOM. State Street Corp grew its position in shares of Exxon Mobil Corporation by 7.9% during the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after purchasing an additional 15,740,895 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of Exxon Mobil Corporation by 8,029.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after purchasing an additional 3,695,728 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Exxon Mobil Corporation by 22.7% during the 2nd quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after purchasing an additional 2,088,263 shares in the last quarter. Pioneer Investment Management Inc. grew its position in shares of Exxon Mobil Corporation by 142.4% during the 1st quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock worth $182,052,000 after purchasing an additional 1,304,036 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Exxon Mobil Corporation by 6.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after purchasing an additional 1,150,881 shares in the last quarter. Hedge funds and other institutional investors own 50.84% of the company’s stock.

In related news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Aveo Capital Partners LLC Increases Position in Exxon Mobil Corporation (XOM)” was published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.themarketsdaily.com/2017/11/15/aveo-capital-partners-llc-increases-position-in-exxon-mobil-corporation-xom.html.

Exxon Mobil Corporation (XOM) opened at $82.24 on Wednesday. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The firm has a market cap of $348,460.00, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.75 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.

Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter last year, the firm earned $0.63 earnings per share. analysts expect that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 100.33%.

A number of research analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. J P Morgan Chase & Co restated a “neutral” rating and set a $80.00 target price (down previously from $81.00) on shares of Exxon Mobil Corporation in a research report on Friday, August 18th. Citigroup Inc. decreased 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. Cowen and Company reiterated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, September 19th. Finally, set a $81.50 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $85.57.

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM).

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

Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply