Gratus Capital LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,557 shares of the oil and gas company’s stock after selling 1,705 shares during the period. Gratus Capital LLC’s holdings in Exxon Mobil were worth $7,169,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of XOM. FMR LLC boosted 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 purchasing an additional 3,038,704 shares during the last quarter. Rhumbline Advisers boosted its holdings in Exxon Mobil by 1.2% during the fourth quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock worth $530,295,000 after purchasing an additional 90,623 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Exxon Mobil by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock worth $404,463,000 after purchasing an additional 76,282 shares during the last quarter. First Trust Advisors LP boosted its holdings in Exxon Mobil by 17.3% during the second quarter. First Trust Advisors LP now owns 3,011,774 shares of the oil and gas company’s stock worth $230,792,000 after purchasing an additional 445,113 shares during the last quarter. Finally, Korea Investment CORP boosted its holdings in Exxon Mobil by 0.8% during the fourth quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock worth $184,660,000 after purchasing an additional 21,800 shares during the last quarter. 54.48% of the stock is owned by institutional investors.
XOM has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research note on Friday, August 2nd. Barclays initiated coverage on shares of Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price target for the company. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Berenberg Bank reiterated a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Wednesday, August 7th. Finally, Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a research note on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $81.50.
In other 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 value of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.
Shares of XOM opened at $68.48 on Friday. The firm has a market capitalization of $289.75 billion, a PE ratio of 13.89, a PEG ratio of 1.96 and a beta of 0.97. The company’s 50-day moving average is $71.92 and its 200-day moving average is $76.42. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47.
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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. Analysts predict that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal 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 $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is presently 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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