InterOcean Capital LLC Has $18.95 Million Stake in Exxon Mobil Corporation (XOM)
InterOcean Capital LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 234,716 shares of the oil and gas company’s stock after buying an additional 23,675 shares during the quarter. Exxon Mobil accounts for approximately 3.1% of InterOcean Capital LLC’s investment portfolio, making the stock its 4th largest position. InterOcean Capital LLC’s holdings in Exxon Mobil were worth $18,949,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares during the period. Legal & General Group Plc increased its position in Exxon Mobil by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock valued at $1,872,300,000 after purchasing an additional 604,537 shares during the period. Schwab Charles Investment Management Inc. increased its position in Exxon Mobil by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock valued at $1,656,859,000 after purchasing an additional 1,406,529 shares during the period. Ameriprise Financial Inc. increased its position in Exxon Mobil by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 18,460,434 shares of the oil and gas company’s stock valued at $1,490,398,000 after purchasing an additional 353,561 shares during the period. Finally, Swiss National Bank increased its position in Exxon Mobil by 3.0% during the 2nd quarter. Swiss National Bank now owns 16,024,636 shares of the oil and gas company’s stock valued at $1,293,669,000 after purchasing an additional 461,300 shares during the period. 51.18% of the stock is owned by institutional investors.
XOM has been the subject of a number of recent analyst reports. Cowen reissued a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Tuesday, September 19th. Royal Bank Of Canada decreased their target price on shares of Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating for the company in a research report on Thursday, November 16th. BNP Paribas set a $75.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Wednesday, November 15th. Vetr cut Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a report on Thursday, September 28th. Finally, Goldman Sachs Group set a $86.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, October 30th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $86.14.
Shares of Exxon Mobil Corporation (XOM) traded up $0.11 on Monday, hitting $82.66. The company had a trading volume of 11,988,600 shares, compared to its average volume of 10,974,021. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The company has a market cap of $350,239.19, a PE ratio of 23.22, a P/E/G ratio of 1.73 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same period last year, the business earned $0.63 EPS. analysts anticipate that Exxon Mobil Corporation will post 3.65 earnings per share 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 issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s dividend payout ratio is currently 100.33%.
About Exxon Mobil
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.
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