Luts & Greenleigh Group Inc. Has $29.56 Million Position in Exxon Mobil Co. (NYSE:XOM)

Luts & Greenleigh Group Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% in the third quarter, Holdings Channel reports. The firm owned 252,162 shares of the oil and gas company’s stock after selling 1,151 shares during the quarter. Exxon Mobil comprises about 28.4% of Luts & Greenleigh Group Inc.’s portfolio, making the stock its biggest holding. Luts & Greenleigh Group Inc.’s holdings in Exxon Mobil were worth $29,558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its stake in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares during the last quarter. Global Assets Advisory LLC raised its stake in shares of Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after acquiring an additional 12,540,435 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $980,210,000. Capital International Investors raised its stake in shares of Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.88.

Exxon Mobil Price Performance

XOM opened at $120.37 on Wednesday. The company has a fifty day moving average price of $117.22 and a two-hundred day moving average price of $116.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm has a market capitalization of $474.62 billion, a PE ratio of 14.75, a P/E/G ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its 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 net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the business earned $1.94 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio is 46.57%.

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.