Luts & Greenleigh Group Inc. Takes $29.16 Million Position in Exxon Mobil Co. (NYSE:XOM)

Luts & Greenleigh Group Inc. bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 253,313 shares of the oil and gas company’s stock, valued at approximately $29,161,000. Exxon Mobil accounts for approximately 30.3% of Luts & Greenleigh Group Inc.’s holdings, making the stock its biggest position.

Several other institutional investors have also bought and sold shares of the stock. Carmel Capital Partners LLC grew its holdings in shares of Exxon Mobil by 1.0% in the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after purchasing an additional 86 shares during the last quarter. Bigelow Investment Advisors LLC grew its stake in Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after buying an additional 86 shares during the last quarter. Integral Investment Advisors Inc. increased its holdings in shares of Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after buying an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 7.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on XOM. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Barclays decreased their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.24.

Exxon Mobil Price Performance

XOM opened at $114.22 on Wednesday. The stock has a market cap of $450.37 billion, a P/E ratio of 14.00, a P/E/G ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $115.73 and a 200 day simple moving average of $115.25.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the firm posted $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Exxon Mobil 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.