Castleark Management LLC Buys 65,410 Shares of Exxon Mobil Co. (NYSE:XOM)

Castleark Management LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 143.7% during the second quarter, HoldingsChannel reports. The firm owned 110,940 shares of the oil and gas company’s stock after acquiring an additional 65,410 shares during the period. Castleark Management LLC’s holdings in Exxon Mobil were worth $8,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. FMR LLC raised its holdings in Exxon Mobil by 6.8% during the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after acquiring an additional 3,038,704 shares during the period. Thoroughbred Financial Services LLC raised its holdings in Exxon Mobil by 7,471.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after acquiring an additional 1,748,402 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Exxon Mobil by 4.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock valued at $2,050,627,000 after acquiring an additional 1,057,308 shares during the period. Nomura Holdings Inc. raised its holdings in Exxon Mobil by 224.9% during the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after acquiring an additional 809,199 shares during the period. Finally, Royal London Asset Management Ltd. raised its holdings in Exxon Mobil by 31.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock valued at $165,903,000 after acquiring an additional 587,387 shares during the period. 54.48% of the stock is currently owned by institutional investors.

NYSE:XOM traded down $0.15 during midday trading on Thursday, hitting $71.78. The company had a trading volume of 138,071 shares, compared to its average volume of 11,508,075. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The stock’s fifty day moving average price is $70.51 and its 200-day moving average price is $76.00. The company has a market capitalization of $300.90 billion, a PE ratio of 14.53, a P/E/G ratio of 2.18 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post 3.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were given a $0.87 dividend. The ex-dividend date was Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 4.85%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

In related news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.

XOM has been the topic of a number of analyst reports. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada reissued a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a report on Friday, August 2nd. Bank of America reissued a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a report on Monday, August 5th. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. Finally, Morgan Stanley lowered their target price on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $81.13.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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