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Artemis Investment Management LLP Sells 5,452 Shares of Exxon Mobil Co. (NYSE:XOM)

By August 25, 2019 No Comments

Artemis Investment Management LLP lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,518 shares of the oil and gas company’s stock after selling 5,452 shares during the period. Artemis Investment Management LLP’s holdings in Exxon Mobil were worth $2,409,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in Exxon Mobil by 6.8% during the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock worth $3,859,642,000 after purchasing an additional 3,038,704 shares in the last quarter. Rhumbline Advisers grew its position in Exxon Mobil by 1.2% during the 4th quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock worth $530,295,000 after purchasing an additional 90,623 shares in the last quarter. Fisher Asset Management LLC grew its position in Exxon Mobil by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock worth $404,463,000 after purchasing an additional 76,282 shares in the last quarter. Strs Ohio grew its position in Exxon Mobil by 0.6% during the 4th quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock worth $189,870,000 after purchasing an additional 17,205 shares in the last quarter. Finally, Korea Investment CORP grew its position in Exxon Mobil by 0.8% during the 4th quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock worth $184,660,000 after purchasing an additional 21,800 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors.

Several research firms have weighed in on XOM. Berenberg Bank reiterated a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a research report on Wednesday, August 7th. Barclays began coverage on shares of Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. BMO Capital Markets began coverage on shares of Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price objective on the stock. Finally, HSBC reiterated a “neutral” rating and set a $86.50 price objective on shares of Exxon Mobil in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $81.83.

In other news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Exxon Mobil stock opened at $67.49 on Friday. The company’s fifty day simple moving average is $73.15 and its 200-day simple moving average is $76.66. 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 Co. has a 12 month low of $64.65 and a 12 month high of $87.36. The stock has a market cap of $294.99 billion, a P/E ratio of 13.69, a P/E/G ratio of 2.04 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same period in the previous year, the company posted $0.92 EPS. Exxon Mobil’s revenue was down 6.0% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.

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.

Read More: Why is the ex-dividend date different from the record date?

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

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