Industry News

Exxon Mobil Co. (NYSE:XOM) Shares Sold by Birinyi Associates Inc.

By August 27, 2019 No Comments

Birinyi Associates Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,225 shares of the oil and gas company’s stock after selling 4,025 shares during the period. Exxon Mobil accounts for about 0.8% of Birinyi Associates Inc.’s portfolio, making the stock its 25th largest holding. Birinyi Associates Inc.’s holdings in Exxon Mobil were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of XOM. FMR LLC boosted its holdings in shares of Exxon Mobil by 6.8% during the 1st 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 during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Exxon Mobil by 7,471.5% during the 2nd 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 during the last quarter. Nomura Holdings Inc. boosted its holdings in shares of 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 purchasing 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. Institutional investors and hedge funds own 54.48% of the company’s stock.

NYSE:XOM opened at $67.49 on Monday. 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 stock’s fifty day moving average is $73.15 and its two-hundred 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 stock has a market capitalization of $294.36 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 2.03 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 3.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.

In other Exxon Mobil 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 transaction, the vice president now directly 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 can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.

A number of research firms recently commented on XOM. 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. 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. BMO Capital Markets began 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. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a report on Monday, July 22nd. Finally, Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 price objective on shares of Exxon Mobil in a report on Monday, April 29th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $81.83.

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.

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

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