Barrett Asset Management LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 496,388 shares of the oil and gas company’s stock after selling 8,698 shares during the period. Exxon Mobil accounts for about 2.5% of Barrett Asset Management LLC’s portfolio, making the stock its 14th biggest holding. Barrett Asset Management LLC’s holdings in Exxon Mobil were worth $38,038,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in Exxon Mobil by 6.8% during the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after buying an additional 3,038,704 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in Exxon Mobil by 7,471.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after buying an additional 1,748,402 shares during the last quarter. Nomura Holdings Inc. boosted its stake in Exxon Mobil by 224.9% during the fourth quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after buying an additional 809,199 shares during the last quarter. Inlet Private Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $48,697,000. Finally, Royal London Asset Management Ltd. boosted its stake in Exxon Mobil by 31.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock valued at $165,903,000 after buying an additional 587,387 shares during the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.
Shares of XOM stock opened at $67.49 on Monday. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $73.15 and its two-hundred day simple moving average is $76.66. The company has a market cap of $294.36 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.03 and a beta of 0.97.
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, beating analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 3.2 EPS for the current year.
The firm 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 $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.16%. Exxon Mobil’s payout ratio is 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following 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 SEC, which is available at this link. Corporate insiders own 0.05% of the company’s stock.
A number of equities analysts recently commented on XOM shares. Barclays started coverage on Exxon Mobil in a research note on Monday, August 19th. They set an “equal weight” rating and a $73.00 price target for the company. Morgan Stanley dropped their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. BMO Capital Markets started coverage on Exxon Mobil in a research note on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price target for the company. JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Finally, Bank of America reissued a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $81.83.
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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