Brighton Jones LLC Has $2.78 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Brighton Jones LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 101.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,124 shares of the oil and gas company’s stock after buying an additional 22,247 shares during the quarter. Brighton Jones LLC’s holdings in Exxon Mobil were worth $2,783,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of XOM. Atlas Capital Advisors LLC boosted its stake in Exxon Mobil by 102.9% in the first quarter. Atlas Capital Advisors LLC now owns 493 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 250 shares in the last quarter. Mizuho Securities Co. Ltd. boosted its stake in Exxon Mobil by 243.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 756 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 536 shares in the last quarter. tru Independence LLC acquired a new position in Exxon Mobil in the second quarter worth $43,000. Baldrige Asset Management LLC acquired a new position in Exxon Mobil in the second quarter worth $50,000. Finally, USA Financial Portformulas Corp acquired a new position in Exxon Mobil in the second quarter worth $57,000. 51.73% of the stock is currently owned by institutional investors.

Shares of Exxon Mobil stock traded up $1.76 during trading hours on Wednesday, hitting $56.34. The company’s stock had a trading volume of 626,150 shares, compared to its average volume of 25,258,729. Exxon Mobil Co. has a 12 month low of $31.11 and a 12 month high of $64.93. The stock has a 50 day moving average of $56.64 and a 200 day moving average of $58.44. The company has a market capitalization of $238.52 billion, a PE ratio of -17.55, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.54.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Thursday, July 29th. The oil and gas company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.08. Exxon Mobil had a positive return on equity of 3.98% and a negative net margin of 6.07%. The company had revenue of $67.74 billion during the quarter, compared to the consensus estimate of $63.96 billion. During the same period in the prior year, the company earned ($0.70) earnings per share. The company’s revenue for the quarter was up 107.8% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 4.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were issued a $0.87 dividend. The ex-dividend date was Thursday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 6.18%. Exxon Mobil’s dividend payout ratio (DPR) is currently -1,054.55%.

XOM has been the topic of a number of recent analyst reports. Tudor Pickering reissued a “buy” rating and issued a C$48.00 price objective on shares of Exxon Mobil in a research note on Friday, June 4th. boosted their price objective on Exxon Mobil from $56.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, July 1st. Royal Bank of Canada reaffirmed a “sell” rating and set a $60.00 price target on shares of Exxon Mobil in a research note on Wednesday, June 2nd. JPMorgan Chase & Co. set a $76.00 price target on Exxon Mobil and gave the company a “buy” rating in a research note on Tuesday, June 29th. Finally, HSBC cut their price target on Exxon Mobil from $65.00 to $57.00 and set a “hold” rating on the stock in a research note on Thursday, July 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $60.35.

Exxon Mobil Profile

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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