Achmea Investment Management B.V. decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,318 shares of the oil and gas company’s stock after selling 18,478 shares during the period. Exxon Mobil accounts for approximately 1.3% of Achmea Investment Management B.V.’s holdings, making the stock its 12th largest position. Achmea Investment Management B.V.’s holdings in Exxon Mobil were worth $32,976,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC grew its holdings in shares of Exxon Mobil by 121.2% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares in the last quarter. Asset Planning Services Ltd. grew its holdings in shares of Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. INR Advisory Services LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $43,000. Evolution Wealth Advisors LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $45,000. Finally, PARK CIRCLE Co lifted its stake in Exxon Mobil by 100.0% in the 2nd quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.
Shares of XOM stock opened at $67.85 on Tuesday. The firm has a 50 day moving average price of $72.64 and a two-hundred day moving average price of $76.55. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $294.36 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.03 and a beta of 0.97. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 3.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 5.13%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
XOM has been the subject of several recent analyst reports. UBS Group cut their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday. Berenberg Bank reiterated a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research note on Wednesday, August 7th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. BMO Capital Markets initiated coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $81.83.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, 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 is available at this hyperlink. Company insiders own 0.05% of the company’s stock.
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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