Iberiabank Corp Has $8.95 Million Position in Exxon Mobil Co. (NYSE:XOM)

Iberiabank Corp decreased its position in Exxon Mobil Co. (NYSE:XOM) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 200,133 shares of the oil and gas company’s stock after selling 22,185 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of Iberiabank Corp’s holdings, making the stock its 23rd biggest holding. Iberiabank Corp’s holdings in Exxon Mobil were worth $8,950,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Guggenheim Capital LLC grew its holdings in shares of Exxon Mobil by 7.9% during the fourth quarter. Guggenheim Capital LLC now owns 756,724 shares of the oil and gas company’s stock worth $52,803,000 after purchasing an additional 55,652 shares during the last quarter. Intrust Bank NA raised its stake in shares of Exxon Mobil by 9.8% in the first quarter. Intrust Bank NA now owns 32,360 shares of the oil and gas company’s stock worth $1,228,000 after acquiring an additional 2,901 shares during the last quarter. Csenge Advisory Group lifted its position in shares of Exxon Mobil by 27.1% during the first quarter. Csenge Advisory Group now owns 8,848 shares of the oil and gas company’s stock worth $336,000 after purchasing an additional 1,884 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Exxon Mobil by 5.8% during the first quarter. D.A. Davidson & CO. now owns 633,891 shares of the oil and gas company’s stock worth $24,057,000 after purchasing an additional 34,710 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Exxon Mobil by 10.4% during the first quarter. Envestnet Asset Management Inc. now owns 2,197,198 shares of the oil and gas company’s stock valued at $83,428,000 after purchasing an additional 207,616 shares during the last quarter. Institutional investors and hedge funds own 52.16% of the company’s stock.

NYSE:XOM opened at $42.08 on Friday. Exxon Mobil Co. has a 1 year low of $30.11 and a 1 year high of $75.66. The stock has a 50-day moving average price of $44.44 and a two-hundred day moving average price of $48.35. The stock has a market cap of $177.04 billion, a price-to-earnings ratio of 15.76 and a beta of 1.33. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The business had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. During the same quarter last year, the firm earned $0.61 EPS. The company’s revenue for the quarter was down 52.8% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post -0.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 8.27%. The ex-dividend date is Wednesday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.

Several research firms have issued reports on XOM. Cowen reaffirmed a “hold” rating and set a $34.00 price objective on shares of Exxon Mobil in a report on Thursday, July 2nd. Cfra lowered Exxon Mobil from a “hold” rating to a “sell” rating and upped their price target for the company from $41.00 to $43.00 in a research note on Thursday, April 30th. Mizuho lowered their price objective on Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. UBS Group upped their target price on shares of Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Bank of America reiterated a “buy” rating and set a $70.00 price target on shares of Exxon Mobil in a research report on Monday, May 4th. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.17.

Exxon Mobil Company Profile

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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