American Asset Management Inc. lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,185 shares of the oil and gas company’s stock after selling 176 shares during the period. American Asset Management Inc.’s holdings in Exxon Mobil were worth $321,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in XOM. FMR LLC grew its holdings 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 worth $3,859,642,000 after acquiring an additional 3,038,704 shares during the period. Thoroughbred Financial Services LLC boosted its position 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 worth $177,180,000 after purchasing an additional 1,748,402 shares in the last quarter. Nomura Holdings Inc. boosted its position 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 worth $31,259,000 after purchasing an additional 809,199 shares in the last quarter. Inlet Private Wealth LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $48,697,000. Finally, Royal London Asset Management Ltd. boosted its position 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 worth $165,903,000 after purchasing an additional 587,387 shares in the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.05% of the company’s stock.A number of analysts have commented on the company. Bank of America reiterated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Monday, August 5th. Goldman Sachs Group reiterated a “hold” rating and set a $80.00 target price on shares of Exxon Mobil in a research report on Monday, April 29th. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a research report on Friday, August 2nd. Finally, Morgan Stanley decreased their target price on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $82.18.
Shares of NYSE:XOM opened at $69.45 on Tuesday. 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 Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The stock’s fifty day simple moving average is $73.72 and its 200-day simple moving average is $76.78. The company has a market capitalization of $284.54 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.94 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 the Thomson Reuters’ consensus estimate 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 earned $0.92 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 3.24 earnings per share for the current year.
The firm also recently announced 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 is Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 5.01%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
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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