Logan Capital Management Inc. Raises Holdings in Exxon Mobil Corporation $XOM

Key Points

• Logan Capital Management Inc. increased its holdings in Exxon Mobil by 28.9% during the first quarter, owning a total of 34,806 shares valued at approximately $4.14 million.
• Various hedge funds have adjusted their stakes in Exxon Mobil, with notable increases in positions, including Clal Insurance Enterprises Holdings Ltd raising its stake by 396.7%.
• Exxon Mobil recently reported an EPS of $1.64 for the last quarter, surpassing analysts' expectations, while announcing a quarterly dividend of $0.99.

Logan Capital Management Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 28.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,806 shares of the oil and gas company's stock after buying an additional 7,811 shares during the quarter. Logan Capital Management Inc.'s holdings in Exxon Mobil were worth $4,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new position in Exxon Mobil in the fourth quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the first quarter valued at about $29,000. Elequin Capital LP purchased a new position in Exxon Mobil in the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its position 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 during the period. Finally, Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. UBS Group raised their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Wall Street Zen downgraded Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $125.00.

Insider Buying and Selling

In related 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 value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 0.7%

NYSE:XOM opened at $110.58 on Wednesday. The company has a market capitalization of $471.43 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a 50-day simple moving average of $110.52 and a 200 day simple moving average of $109.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping 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 return on equity of 11.34% and a net margin of 9.17%.The company's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm earned $2.14 earnings per share. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

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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