Edgestream Partners L.P. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 206.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,587 shares of the oil and gas company’s stock after purchasing an additional 25,337 shares during the quarter. Edgestream Partners L.P.’s holdings in Exxon Mobil were worth $2,880,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in XOM. FMR LLC grew its position in shares of Exxon Mobil by 6.8% in 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 purchasing an additional 3,038,704 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in shares of Exxon Mobil by 7,471.5% in the 2nd 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 acquiring an additional 1,748,402 shares during the period. Nomura Holdings Inc. increased its stake in Exxon Mobil by 224.9% during the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock worth $31,259,000 after buying an additional 809,199 shares during the period. Inlet Private Wealth LLC purchased a new stake in Exxon Mobil during the 4th quarter worth $48,697,000. Finally, Royal London Asset Management Ltd. grew its holdings in Exxon Mobil by 31.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock worth $165,903,000 after acquiring an additional 587,387 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the sale, the vice president now owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.
Shares of NYSE:XOM opened at $68.48 on Tuesday. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36. The company’s 50-day moving average price is $71.37 and its two-hundred day moving average price is $76.32. 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 firm has a market cap of $289.53 billion, a P/E ratio of 13.89, a P/E/G ratio of 2.00 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 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue was down 6.0% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal 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 issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.
A number of research firms have issued reports on XOM. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their target price for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Berenberg Bank reiterated a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a report on Wednesday, August 7th. JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Sunday, August 4th. Bank of America reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Monday, August 5th. Finally, Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, August 29th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $81.50.
Exxon Mobil 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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