Great Lakes Advisors LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,763 shares of the oil and gas company’s stock after selling 2,529 shares during the quarter. 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 also recently bought and sold shares of the business. FMR LLC lifted 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 period. Thoroughbred Financial Services LLC lifted its holdings in shares of Exxon Mobil by 7,471.5% during the second 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 period. Nomura Holdings Inc. lifted its holdings in shares of Exxon Mobil by 224.9% during the fourth 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 period. Inlet Private Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $48,697,000. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Exxon Mobil by 31.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock worth $165,903,000 after purchasing an additional 587,387 shares during the period. 54.48% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction on 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 owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.05% of the stock is owned by insiders.
XOM stock opened at $67.85 on Tuesday. The firm has a market cap of $294.36 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 2.03 and a beta of 0.97. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The company’s fifty day simple moving average is $72.64 and its 200 day simple moving average is $76.55.
Exxon Mobil (NYSE:XOM) last released its 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. The business 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%. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. Research analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 5.13%. Exxon Mobil’s payout ratio is 70.59%.
A number of equities analysts have recently commented on XOM shares. Berenberg Bank reiterated a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. HSBC reiterated a “neutral” rating and set a $86.50 price target on shares of Exxon Mobil in a report on Thursday, May 23rd. 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. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Finally, Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Three investment 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.83.
Exxon Mobil 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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