Whitener Capital Management Inc. Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Whitener Capital Management Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,597 shares of the oil and gas company’s stock after acquiring an additional 4,662 shares during the quarter. Exxon Mobil accounts for about 2.0% of Whitener Capital Management Inc.’s holdings, making the stock its 11th largest position. Whitener Capital Management Inc.’s holdings in Exxon Mobil were worth $3,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Exxon Mobil by 6.8% during the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after purchasing an additional 3,038,704 shares during the period. Rhumbline Advisers grew its holdings in Exxon Mobil by 1.2% during the fourth quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock valued at $530,295,000 after purchasing an additional 90,623 shares during the period. Fisher Asset Management LLC grew its holdings in Exxon Mobil by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock valued at $404,463,000 after purchasing an additional 76,282 shares during the period. First Trust Advisors LP grew its holdings in Exxon Mobil by 17.3% during the second quarter. First Trust Advisors LP now owns 3,011,774 shares of the oil and gas company’s stock valued at $230,792,000 after purchasing an additional 445,113 shares during the period. Finally, Strs Ohio grew its holdings in Exxon Mobil by 0.6% during the fourth quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock valued at $189,870,000 after purchasing an additional 17,205 shares during the period. 54.48% of the stock is owned by institutional investors.

Shares of Exxon Mobil stock traded down $1.58 during trading hours on Friday, reaching $67.99. The company had a trading volume of 717,316 shares, compared to its average volume of 12,523,718. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $87.36. The business has a fifty day simple moving average of $73.32 and a 200 day simple moving average of $76.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The firm has a market cap of $292.07 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 3.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is currently 70.59%.

In other news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

XOM has been the subject of several research reports. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the company a “hold” rating in a report on Sunday, August 4th. Morgan Stanley reduced their price objective on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. BMO Capital Markets initiated coverage on Exxon Mobil in a report on Tuesday. They set a “market perform” rating and a $86.00 price objective for the company. Finally, HSBC reissued a “neutral” rating and set a $86.50 price objective on shares of Exxon Mobil in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $81.83.

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 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.

Further Reading: Catch-Up Contributions

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

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