Great Lakes Advisors LLC Has $197.06 Million Stake in ExxonMobil Corporation $XOM

Great Lakes Advisors LLC lessened its position in shares of ExxonMobil Corporation (NYSE:XOM) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,441,371 shares of the oil and gas company’s stock after selling 67,880 shares during the quarter. ExxonMobil makes up about 1.5% of Great Lakes Advisors LLC’s investment portfolio, making the stock its 7th largest position. Great Lakes Advisors LLC’s holdings in ExxonMobil were worth $197,064,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of XOM. Eagle Capital Management LLC boosted its holdings in ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of ExxonMobil in the 1st quarter worth approximately $305,000. Sivia Capital Partners LLC raised its holdings in shares of ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after buying an additional 207 shares in the last quarter. United Bank lifted its position in shares of ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares during the period. Finally, Schnieders Capital Management LLC. lifted its position in shares of ExxonMobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after buying an additional 5,443 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Up 2.6%

NYSE XOM opened at $165.62 on Wednesday. The stock has a market capitalization of $686.49 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 0.63 and a beta of 0.17. ExxonMobil Corporation has a 52 week low of $106.15 and a 52 week high of $176.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a fifty day moving average of $147.53 and a 200-day moving average of $150.93.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the company earned $1.64 EPS. On average, equities research analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. ExxonMobil’s dividend payout ratio is presently 53.02%.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Barclays cut their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a report on Monday. Mizuho lowered their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a report on Tuesday, August 4th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ExxonMobil has an average rating of “Hold” and an average price target of $163.05.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices boosted the stock. Oil moved above $91 per barrel amid renewed Iran-related supply concerns, improving the potential earnings and cash-flow outlook for ExxonMobil. The company’s record production and reported $17.2 billion in free cash flow also supported investor sentiment. Exxon Stock Surges 2.3% as Oil Breaks Above $91
• Positive Sentiment: Expanded Targa Resources agreements support Permian growth. ExxonMobil signed or expanded 20-year, fee-based arrangements with Targa Resources (NYSE: TRGP) covering gathering, processing, NGL transportation and fractionation in the Delaware and Midland basins. The agreements provide long-term infrastructure support for ExxonMobil’s production plans and add visibility to future Permian volumes. Targa Resources Signs 20-Year Agreements With ExxonMobil
• Positive Sentiment: ExxonMobil advanced its Mozambique LNG project. The company and partners awarded approximately $1.1 billion in early contracts for upstream equipment for the Rovuma LNG Phase 1 project. The move signals progress on a potentially significant future LNG asset and reinforces ExxonMobil’s international growth strategy. ExxonMobil Awards Contracts for Mozambique’s Rovuma LNG Project
• Positive Sentiment: The dividend was raised 4% to $1.03 per share, marking 26 consecutive years of increases. The hike may appeal to income-oriented investors and reflects management’s confidence in ExxonMobil’s recurring cash-generation capacity. Exxon Mobil Raises Dividend 4%
• Neutral Sentiment: Analyst commentary remains broadly bullish on XOM’s valuation, production growth and shareholder returns, but the company’s prior quarterly earnings slightly missed the consensus EPS estimate, underscoring sensitivity to commodity prices and execution.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.