Balasa Dinverno & Foltz LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 28.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,961 shares of the oil and gas company’s stock after selling 5,942 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Exxon Mobil were worth $1,146,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in XOM. FMR LLC raised its holdings in Exxon Mobil by 6.8% in 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 in the last quarter. Rhumbline Advisers increased its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock valued at $530,295,000 after purchasing an additional 90,623 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Exxon Mobil by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock valued at $404,463,000 after purchasing an additional 76,282 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Exxon Mobil by 17.3% in the 2nd quarter. First Trust Advisors LP now owns 3,011,774 shares of the oil and gas company’s stock valued at $230,792,000 after purchasing an additional 445,113 shares during the last quarter. Finally, Korea Investment CORP increased its stake in shares of Exxon Mobil by 0.8% in the 4th quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock valued at $184,660,000 after purchasing an additional 21,800 shares during the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.
NYSE XOM opened at $69.29 on Thursday. The stock’s 50-day simple moving average is $71.06 and its two-hundred day simple moving average is $76.24. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The company has a market capitalization of $289.75 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 2.00 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 posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same period last year, the firm earned $0.92 earnings per share. Exxon Mobil’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be issued a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.02%. Exxon Mobil’s payout ratio is currently 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 owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by insiders.
A number of brokerages recently weighed in on XOM. Berenberg Bank restated a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a research report on Wednesday, August 7th. Royal Bank of Canada restated a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research report on Friday, August 2nd. JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. Finally, Morgan Stanley dropped their price objective on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $81.50.
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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2019-09-05 11:34:38Z
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