Schwab Charles Investment Management Inc. Increases Stake in Exxon Mobil Corporation (XOM)

Schwab Charles Investment Management Inc. grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,523,456 shares of the oil and gas company’s stock after acquiring an additional 1,406,529 shares during the quarter. Exxon Mobil Corporation comprises about 1.6% of Schwab Charles Investment Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Schwab Charles Investment Management Inc. owned about 0.48% of Exxon Mobil Corporation worth $1,656,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its holdings in 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 purchasing an additional 292 shares during the period. Horan Securities Inc. lifted its holdings in 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 purchasing an additional 260 shares during the period. Watermark Asset Management Inc. acquired a new stake in Exxon Mobil Corporation in the first quarter worth about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in 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 purchasing an additional 220 shares during the period. Finally, David R. Rahn & Associates Inc. acquired a new stake in Exxon Mobil Corporation in the second quarter worth about $207,000. 50.84% of the stock is owned by institutional investors.

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In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the company’s 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 completion of the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at $80.24 on Friday. The company has a market capitalization of $341,340.00, a P/E ratio of 23.10, a P/E/G ratio of 1.74 and a beta of 0.83. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.63 EPS. research analysts expect 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. Investors of record on Monday, November 13th will be paid a $0.77 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.84%. Exxon Mobil Corporation’s payout ratio is 100.33%.

Several research firms recently weighed in on XOM. Vetr raised shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $90.47 price objective for the company in a report on Friday. Citigroup Inc. reduced their price objective on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, July 21st. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $80.00 price objective (down previously from $81.00) on shares of Exxon Mobil Corporation in a report on Friday, August 18th. Cowen and Company reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil Corporation in a report on Tuesday, September 19th. Finally, Goldman Sachs Group, Inc. (The) set a $86.00 price target on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a report on Tuesday, November 7th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $85.78.

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.

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

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