Lebenthal Global Advisors LLC Has $1.17 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Lebenthal Global Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,916 shares of the oil and gas company’s stock after selling 1,282 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Exxon Mobil were worth $1,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Exxon Mobil by 0.3% in the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC lifted its stake in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after buying an additional 4,415,012 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after buying an additional 146,374 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Exxon Mobil by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock valued at $3,422,538,000 after acquiring an additional 949,875 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the subject of a number of recent research reports. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Up 0.6 %

Exxon Mobil stock opened at $108.69 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $477.69 billion, a PE ratio of 13.54, a PEG ratio of 2.86 and a beta of 0.91. The firm’s fifty day moving average is $111.14 and its 200 day moving average is $115.38. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.