Lodestar Investment Counsel LLC IL Raises Holdings in Exxon Mobil Corporation (XOM)
Lodestar Investment Counsel LLC IL raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236,320 shares of the oil and gas company’s stock after buying an additional 1,265 shares during the period. Exxon Mobil Corporation comprises about 2.4% of Lodestar Investment Counsel LLC IL’s investment portfolio, making the stock its 11th biggest holding. Lodestar Investment Counsel LLC IL’s holdings in Exxon Mobil Corporation were worth $19,078,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of Exxon Mobil Corporation by 7.9% in the 1st 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 buying an additional 15,740,895 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Exxon Mobil Corporation by 6.4% during the first 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 during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Exxon Mobil Corporation by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after purchasing an additional 51,810 shares during the period. APG Asset Management N.V. grew its holdings in Exxon Mobil Corporation by 22.7% during 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 purchasing an additional 2,088,263 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Exxon Mobil Corporation by 0.6% during the second quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock valued at $381,912,000 after purchasing an additional 26,923 shares during the last quarter. 50.74% of the stock is owned by institutional investors.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.09% on Wednesday, hitting $81.69. 3,466,697 shares of the stock were exchanged. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The company has a 50-day moving average price of $78.78 and a 200 day moving average price of $80.72. The company has a market capitalization of $346.13 billion, a PE ratio of 29.45 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts anticipate that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is presently 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
XOM has been the subject of a number of research analyst reports. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. UBS AG set a $75.00 price target on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Thursday, June 8th. Hilliard Lyons initiated coverage on Exxon Mobil Corporation in a research report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price target on the stock. Citigroup Inc. lowered their price target on 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. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 21st. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $84.75.
ILLEGAL ACTIVITY NOTICE: This story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/10/04/lodestar-investment-counsel-llc-il-raises-holdings-in-exxon-mobil-corporation-xom.html.
Exxon Mobil Corporation Company 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).
Receive News & Stock 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 stocks with our FREE daily email newsletter.