Ninety One UK Ltd lessened its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 29.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,790,567 shares of the oil and gas company’s stock after selling 1,176,041 shares during the quarter. Ninety One UK Ltd’s holdings in Exxon Mobil were worth $321,250,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Carmel Capital Partners LLC increased its holdings in shares of Exxon Mobil by 1.0% during the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after purchasing an additional 86 shares during the period. PFS Partners LLC raised its position in Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after purchasing an additional 89 shares in the last quarter. Bay Rivers Group grew its stake in shares of Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after purchasing an additional 90 shares during the period. WPWealth LLP grew its position in Exxon Mobil by 1.0% in the first quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000 after acquiring an additional 90 shares during the period. Finally, Gilbert & Cook Inc. lifted its holdings in shares of Exxon Mobil by 0.4% during the first quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.56.
Read Our Latest Stock Report on XOM
Exxon Mobil Stock Up 0.3 %
Shares of Exxon Mobil stock traded up $0.31 during trading on Wednesday, reaching $114.89. The stock had a trading volume of 616,764 shares, compared to its average volume of 17,077,803. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $453.01 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The stock has a fifty day moving average price of $114.85 and a two-hundred day moving average price of $113.67.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.31%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.
Exxon Mobil Profile
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.
Further Reading
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