Exxon Mobil Corporation (XOM) Position Lifted by Pioneer Investment Management Inc.

Pioneer Investment Management Inc. increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,601,749 shares of the oil and gas company’s stock after acquiring an additional 381,872 shares during the quarter. Pioneer Investment Management Inc. owned approximately 0.06% of Exxon Mobil Corporation worth $210,039,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. lifted its stake in shares of Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 292 shares in the last quarter. Horan Securities Inc. lifted its stake in shares of Exxon Mobil Corporation by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 260 shares in the last quarter. Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation in the first quarter worth about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after acquiring an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. acquired a new position in shares of Exxon Mobil Corporation in the second quarter worth about $207,000. Institutional investors and hedge funds own 50.83% of the company’s stock.

Exxon Mobil Corporation (XOM) opened at $82.94 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a market capitalization of $351,430.00, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period last year, the company posted $0.63 EPS. equities research analysts predict that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is currently 100.33%.

In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

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Several analysts have issued reports on the company. TheStreet upgraded Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Barclays PLC set a $94.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Monday, August 21st. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price objective on the stock in a research note on Thursday, August 17th. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Monday, September 18th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $85.57.

Exxon Mobil Corporation 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.

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

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