Lebenthal Global Advisors LLC Has $1.41 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Lebenthal Global Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 104.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,270 shares of the oil and gas company’s stock after purchasing an additional 6,255 shares during the period. Lebenthal Global Advisors LLC’s holdings in Exxon Mobil were worth $1,413,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. Lynx Investment Advisory acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $47,000. Finally, Vima LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.4 %

NYSE:XOM traded up $1.59 during trading hours on Friday, reaching $116.32. The company had a trading volume of 10,381,431 shares, compared to its average volume of 17,064,939. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $458.65 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 4.51 and a beta of 0.91. The business’s 50-day simple moving average is $115.14 and its two-hundred day simple moving average is $113.78.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. UBS Group lifted their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Truist Financial lowered their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.56.

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.