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Envestnet Asset Management Inc. Has $133.26 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

By August 23, 2019 No Comments

Envestnet Asset Management Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 10.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,738,946 shares of the oil and gas company’s stock after purchasing an additional 158,049 shares during the period. Envestnet Asset Management Inc.’s holdings in Exxon Mobil were worth $133,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 raised its holdings in 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 acquiring an additional 90,623 shares in the last quarter. Fisher Asset Management LLC raised its holdings in 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 acquiring an additional 76,282 shares in the last quarter. First Trust Advisors LP raised its holdings in 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 acquiring an additional 445,113 shares in the last quarter. Finally, Strs Ohio raised its holdings in Exxon Mobil by 0.6% in the 4th quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock valued at $189,870,000 after acquiring an additional 17,205 shares in the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

Shares of XOM opened at $69.72 on Thursday. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $73.45 and a 200-day simple moving average of $76.73. The stock has a market cap of $288.98 billion, a PE ratio of 14.14, a PEG ratio of 1.97 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 3.24 EPS for the current fiscal year.

The company 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 $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 4.99%. Exxon Mobil’s payout ratio is 70.59%.

XOM has been the subject of several recent research reports. HSBC reaffirmed a “neutral” rating and issued a $86.50 price target on shares of Exxon Mobil in a report on Thursday, May 23rd. Barclays initiated coverage on Exxon Mobil in a report on Monday. They issued an “equal weight” rating and a $73.00 price target for the company. Berenberg Bank reaffirmed a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Monday, August 5th. Finally, Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $82.35.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction 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 transaction, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is currently owned by company insiders.

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

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