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Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Guyasuta Investment Advisors Inc.

By September 3, 2019 No Comments

Guyasuta Investment Advisors Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,015 shares of the oil and gas company’s stock after acquiring an additional 4,384 shares during the period. Exxon Mobil makes up approximately 1.4% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. Guyasuta Investment Advisors Inc.’s holdings in Exxon Mobil were worth $13,565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of 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 worth $3,859,642,000 after purchasing an additional 3,038,704 shares in the last quarter. Rhumbline Advisers increased its position in shares of 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 during the period. Fisher Asset Management LLC increased its position in shares of 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 during the period. First Trust Advisors LP increased its position in shares of 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 during the period. Finally, Korea Investment CORP increased its position in shares of Exxon Mobil by 0.8% in the 4th quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock valued at $184,660,000 after acquiring an additional 21,800 shares during the period. Institutional investors own 54.48% of the company’s stock.

Shares of NYSE XOM traded down $0.10 during midday trading on Tuesday, reaching $68.38. 4,683,853 shares of the stock were exchanged, compared to its average volume of 11,947,426. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a market capitalization of $289.75 billion, a P/E ratio of 13.87, a PEG ratio of 2.00 and a beta of 0.99. The company has a 50 day simple moving average of $71.37 and a 200 day simple moving average of $76.32. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.09%. Exxon Mobil’s payout ratio is currently 70.59%.

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 value of $661,999.80. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Several equities analysts recently issued reports on XOM shares. Berenberg Bank reissued a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research report on Wednesday, August 7th. UBS Group lowered their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Barclays started coverage on shares of Exxon Mobil in a report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price target on the stock. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. Finally, BMO Capital Markets assumed coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $81.50.

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

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