Industry News

LSV Asset Management Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

By September 1, 2019 No Comments

LSV Asset Management lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 40.5% in the second quarter, HoldingsChannel reports. The firm owned 5,152,872 shares of the oil and gas company’s stock after selling 3,512,072 shares during the quarter. LSV Asset Management’s holdings in Exxon Mobil were worth $394,864,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of XOM. FMR LLC increased its position in 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 in the last quarter. Thoroughbred Financial Services LLC increased its position in 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 in the last quarter. Nomura Holdings Inc. increased its position in 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 in the last quarter. Inlet Private Wealth LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $48,697,000. Finally, Royal London Asset Management Ltd. increased its position in Exxon Mobil by 31.8% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

XOM has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target on the stock. Berenberg Bank reissued a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Wednesday, August 7th. Bank of America reissued a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Monday, August 5th. UBS Group decreased their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the stock a “hold” rating in a research note on Sunday, August 4th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.50.

In other news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The stock was 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 approximately $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Shares of NYSE XOM traded up $0.05 during midday trading on Friday, hitting $68.48. The stock had a trading volume of 8,272,696 shares, compared to its average volume of 12,557,210. The company has a market capitalization of $289.53 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.00 and a beta of 0.97. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36. 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 company has a fifty day moving average price of $71.92 and a 200 day moving average price of $76.42.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share 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 return on equity of 9.16% and a net margin of 6.30%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 3.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid 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 dividend payout ratio is currently 70.59%.

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

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