Industry News

Exxon Mobil Co. (NYSE:XOM) Shares Bought by Buckingham Asset Management LLC

By August 25, 2019 No Comments

Buckingham Asset Management LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 35.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,339 shares of the oil and gas company’s stock after purchasing an additional 30,972 shares during the period. Exxon Mobil accounts for about 1.0% of Buckingham Asset Management LLC’s investment portfolio, making the stock its 23rd largest position. Buckingham Asset Management LLC’s holdings in Exxon Mobil were worth $9,068,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted 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 worth $3,859,642,000 after acquiring an additional 3,038,704 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock worth $530,295,000 after acquiring an additional 90,623 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Exxon Mobil by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock worth $404,463,000 after acquiring an additional 76,282 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Exxon Mobil by 17.3% in the second quarter. First Trust Advisors LP now owns 3,011,774 shares of the oil and gas company’s stock worth $230,792,000 after acquiring an additional 445,113 shares during the last quarter. Finally, Korea Investment CORP boosted its position in shares of Exxon Mobil by 0.8% in the fourth quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock worth $184,660,000 after acquiring an additional 21,800 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

XOM opened at $67.49 on Friday. The firm has a market capitalization of $285.56 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.99 and a beta of 0.97. The firm’s 50 day moving average is $73.15 and its 200-day moving average is $76.66. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. 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 (NYSE:XOM) last posted 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. The company had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid 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 5.16%. Exxon Mobil’s dividend payout ratio is currently 70.59%.

Several research firms recently issued reports on XOM. Bank of America reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research report on Monday, August 5th. Berenberg Bank restated a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a report on Sunday, August 4th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $81.83.

In other news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction that occurred 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 sale, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

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.

Further Reading: What is an economic bubble?

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

Receive News & Ratings for Exxon Mobil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Exxon Mobil and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link