LGT Fund Management Co Ltd. Acquires 18,808 Shares of Exxon Mobil Co. (NYSE:XOM)

LGT Fund Management Co Ltd. grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 80.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,188 shares of the oil and gas company's stock after acquiring an additional 18,808 shares during the period. LGT Fund Management Co Ltd.'s holdings in Exxon Mobil were worth $4,857,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. LGT Group Foundation lifted its position in shares of Exxon Mobil by 667.3% during the 2nd quarter. LGT Group Foundation now owns 177,304 shares of the oil and gas company's stock worth $20,411,000 after buying an additional 154,195 shares during the last quarter. Edgemoor Investment Advisors Inc. increased its position in Exxon Mobil by 10.5% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 13,815 shares of the oil and gas company's stock valued at $1,590,000 after purchasing an additional 1,315 shares during the period. Longfellow Investment Management Co. LLC raised its stake in Exxon Mobil by 0.7% during the second quarter. Longfellow Investment Management Co. LLC now owns 14,449 shares of the oil and gas company's stock worth $1,663,000 after buying an additional 95 shares during the last quarter. Welch Capital Partners LLC NY acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at about $209,000. Finally, Tiff Advisory Services LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at about $417,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. UBS Group upped their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th. Sanford C. Bernstein cut their price target on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, July 17th. Morgan Stanley reaffirmed an "overweight" rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Evercore ISI raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Finally, Wolfe Research began coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an "outperform" rating and a $146.00 price objective on the stock. Seven research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.29.

Exxon Mobil Trading Up 1.4 %

NYSE:XOM traded up $1.51 on Thursday, hitting $111.23. 15,144,489 shares of the stock were exchanged, compared to its average volume of 16,915,324. The stock has a fifty day moving average of $115.77 and a 200-day moving average of $114.96. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a market cap of $438.58 billion, a PE ratio of 13.63, a PEG ratio of 4.48 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) 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 company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 8.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. Exxon Mobil's dividend payout ratio is currently 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.