National Asset Management Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,095 shares of the oil and gas company’s stock after acquiring an additional 3,276 shares during the quarter. National Asset Management Inc.’s holdings in Exxon Mobil were worth $4,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of XOM. Sigma Investment Counselors Inc. grew its position in Exxon Mobil by 0.4% in the second quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after acquiring an additional 142 shares in the last quarter. Riverstone Advisors LLC boosted its position in Exxon Mobil by 0.5% during the second quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock valued at $2,349,000 after buying an additional 142 shares during the period. Alpha Windward LLC boosted its position in Exxon Mobil by 3.1% during the second quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 144 shares during the period. Saratoga Research & Investment Management boosted its position in Exxon Mobil by 4.1% during the second quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 145 shares during the period. Finally, Jupiter Wealth Management LLC boosted its position in Exxon Mobil by 0.4% during the second quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after buying an additional 145 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on XOM shares. UBS Group cut their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Bank of America restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Monday, August 5th. Credit Suisse Group set a $74.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $81.83.
XOM stock traded up $0.42 during trading on Monday, reaching $67.91. The company had a trading volume of 749,554 shares, compared to its average volume of 12,611,894. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36. The company has a market cap of $294.36 billion, a P/E ratio of 13.77, a PEG ratio of 2.03 and a beta of 0.97. The business has a 50 day moving average of $73.15 and a 200 day moving average of $76.66. 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 released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. Exxon Mobil’s revenue was down 6.0% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is currently 70.59%.
In related 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 completion of the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.05% of the stock is owned by corporate insiders.
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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