Exxon Mobil Corporation $XOM Stake Boosted by Lafayette Investments Inc.

Lafayette Investments Inc. increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,576 shares of the oil and gas company's stock after purchasing an additional 6,808 shares during the quarter. Lafayette Investments Inc.'s holdings in Exxon Mobil were worth $4,482,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XOM. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its stake in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil during the second quarter worth $38,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Barclays dropped their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on Exxon Mobil in a report on Friday, October 17th. They set an "overweight" rating and a $156.00 price target on the stock. Finally, Bank of America raised their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $127.58.

Exxon Mobil Price Performance

NYSE XOM opened at $114.64 on Thursday. The stock's 50-day moving average price is $112.24 and its two-hundred day moving average price is $109.29. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market cap of $488.72 billion, a PE ratio of 16.28, a PEG ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company's stock.

About Exxon Mobil

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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