Fisher Asset Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 9.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,631,111 shares of the oil and gas company’s stock after selling 567,237 shares during the period. Fisher Asset Management LLC owned approximately 0.13% of Exxon Mobil worth $431,512,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of XOM. Massey Quick Simon & CO. LLC boosted its holdings in shares of Exxon Mobil by 625.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after buying an additional 469 shares in the last quarter. Asset Planning Services Ltd. boosted its holdings in shares of Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after buying an additional 496 shares in the last quarter. INR Advisory Services LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $43,000. Evolution Wealth Advisors LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $45,000. Finally, Interactive Financial Advisors bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.
Shares of XOM opened at $67.25 on Friday. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The business’s fifty day moving average is $74.35 and its 200 day moving average is $76.95. 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 has a market cap of $294.53 billion, a P/E ratio of 13.64, a P/E/G ratio of 2.02 and a beta of 0.97.Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (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 last year, the business earned $0.92 EPS. Exxon Mobil’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Co. will post 3.21 EPS for the current year.
The business also recently disclosed 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 annualized dividend and a yield of 5.17%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the firm’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 approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by company insiders.
A number of research firms have issued reports on XOM. Berenberg Bank restated a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. Bank of America restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a report on Monday, August 5th. Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a report on Monday, April 29th. HSBC reiterated a “neutral” rating and issued a $86.50 target price on shares of Exxon Mobil in a report on Thursday, May 23rd. Finally, Morgan Stanley cut their target price on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $82.59.
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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