Great Lakes Advisors LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,763 shares of the oil and gas company’s stock after selling 2,529 shares during the period. Great Lakes Advisors LLC’s holdings in Exxon Mobil were worth $5,424,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of XOM. FMR LLC grew its holdings 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 during the last quarter. Rhumbline Advisers raised its stake 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 purchasing an additional 90,623 shares during the period. Fisher Asset Management LLC raised its position in 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 buying an additional 76,282 shares during the last quarter. First Trust Advisors LP boosted its position in Exxon Mobil by 17.3% during the 2nd 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 raised its holdings 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 valued at $184,660,000 after purchasing an additional 21,800 shares during the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. Berenberg Bank restated a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil in a report on Wednesday, August 7th. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. Independent Research set a $74.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, HSBC restated a “neutral” rating and set a $86.50 price objective on shares of Exxon Mobil in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus price target of $81.13.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.
XOM stock opened at $72.07 on Wednesday. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36. 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 cap of $302.48 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. The stock has a 50-day moving average price of $70.59 and a 200-day moving average price of $76.03.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter last year, the firm posted $0.92 EPS. Exxon Mobil’s revenue was down 6.0% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 3.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.
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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