ICONIQ Capital LLC Acquires 6,576 Shares of Exxon Mobil Corporation $XOM

ICONIQ Capital LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 41.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,495 shares of the oil and gas company’s stock after purchasing an additional 6,576 shares during the quarter. ICONIQ Capital LLC’s holdings in Exxon Mobil were worth $2,425,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XOM. Elequin Capital LP purchased a new stake in Exxon Mobil during the first quarter worth $31,000. Game Plan Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil during the second quarter valued at about $38,000. Bare Financial Services Inc grew its stake in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 201 shares during the last quarter. Finally, 1248 Management LLC bought a new position in Exxon Mobil in the first quarter worth about $40,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.6%

Shares of NYSE:XOM opened at $118.77 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The stock has a market cap of $500.88 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.50 and a beta of 0.38. The business has a 50-day moving average price of $115.60 and a 200-day moving average price of $112.16.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion for the quarter. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on XOM shares. Barclays lowered their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.24.

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.