Industry News

Exxon Mobil Co. (NYSE:XOM) Shares Sold by Bbva USA Bancshares Inc.

By August 28, 2019 No Comments

Bbva USA Bancshares Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,600 shares of the oil and gas company’s stock after selling 247 shares during the period. Bbva USA Bancshares Inc.’s holdings in Exxon Mobil were worth $6,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XOM. FMR LLC lifted its holdings in 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 acquiring an additional 3,038,704 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in Exxon Mobil by 7,471.5% in the second 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 last quarter. Nomura Holdings Inc. lifted its holdings in Exxon Mobil by 224.9% in the fourth quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after acquiring an additional 809,199 shares during the last quarter. Inlet Private Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $48,697,000. Finally, Royal London Asset Management Ltd. lifted its holdings in Exxon Mobil by 31.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock valued at $165,903,000 after acquiring an additional 587,387 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction on Monday, August 5th. The stock was 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 $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Exxon Mobil stock opened at $67.49 on Monday. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The stock’s fifty day simple moving average is $73.15 and its 200-day simple moving average is $76.66. 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 firm has a market capitalization of $294.36 billion, a P/E ratio of 13.69, a P/E/G ratio of 2.03 and a beta of 0.97.

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 analysts’ consensus estimates 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 analyst estimates of $64.47 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The company’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts predict 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. Stockholders of record on Tuesday, August 13th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.16%. 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 analysts recently commented on the company. Berenberg Bank reiterated a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil in a report on Wednesday, August 7th. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the company a “hold” rating in a report on Sunday, August 4th. Royal Bank of Canada reiterated a “neutral” rating and issued a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and decreased their price objective for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Finally, BMO Capital Markets started coverage on Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price objective on the stock. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $81.83.

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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