LRI Investments LLC Has $4.77 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

LRI Investments LLC grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,122 shares of the oil and gas company's stock after purchasing an additional 2,377 shares during the quarter. LRI Investments LLC's holdings in Exxon Mobil were worth $4,772,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after buying an additional 1,104,617 shares during the period. Norges Bank acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $6,936,737,000. Northern Trust Corp increased its position in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the period. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.2%

XOM opened at $114.05 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The company's 50-day moving average is $108.23 and its 200 day moving average is $108.86. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $491.52 billion, a P/E ratio of 15.13, a PEG ratio of 2.21 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the firm earned $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.05.

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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