Advisors Capital Management LLC Has $12.68 Million Position in Exxon Mobil Corporation $XOM

Key Points

• Advisors Capital Management LLC has increased its stake in Exxon Mobil Corporation to $12.68 million, acquiring an additional 2,600 shares in the last quarter.
• Exxon Mobil's latest earnings report showed earnings per share of $1.64, surpassing analyst expectations, while revenue decreased 12.4% compared to the previous year.
• The company recently announced a quarterly dividend of $0.99 per share, equivalent to an annualized yield of 3.5%, with a payout ratio of 56.25%.

Advisors Capital Management LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,578 shares of the oil and gas company's stock after buying an additional 2,600 shares during the period. Advisors Capital Management LLC's holdings in Exxon Mobil were worth $12,675,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the first quarter valued at approximately $29,000. Elequin Capital LP acquired a new position in Exxon Mobil in the first quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday. Wall Street Zen downgraded shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $124.81.

Exxon Mobil Stock Down 0.2%

Exxon Mobil stock opened at $112.26 on Friday. The company has a market cap of $478.59 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $109.14. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 earnings per share. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

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.

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