Nikko Asset Management Americas Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,864 shares of the oil and gas company’s stock after selling 33,401 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Exxon Mobil were worth $18,151,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in Exxon Mobil by 1.7% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 23,621 shares of the oil and gas company’s stock valued at $1,611,000 after buying an additional 396 shares during the last quarter. Arvest Bank Trust Division grew its position in shares of Exxon Mobil by 5.0% in the 4th quarter. Arvest Bank Trust Division now owns 42,702 shares of the oil and gas company’s stock worth $2,912,000 after buying an additional 2,032 shares during the last quarter. City Holding Co. grew its position in shares of Exxon Mobil by 0.4% in the 4th quarter. City Holding Co. now owns 75,364 shares of the oil and gas company’s stock worth $5,139,000 after buying an additional 336 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its position in shares of Exxon Mobil by 1.3% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 110,119 shares of the oil and gas company’s stock worth $7,509,000 after buying an additional 1,415 shares during the last quarter. Finally, Weather Gauge Advisory LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $356,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.
XOM stock traded down $0.10 during midday trading on Thursday, reaching $69.62. The stock had a trading volume of 3,036,162 shares, compared to its average volume of 12,464,065. The stock has a market cap of $293.85 billion, a PE ratio of 14.12, a P/E/G ratio of 2.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The firm has a fifty day simple moving average of $73.45 and a two-hundred day simple moving average of $76.73. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36.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 the Zacks’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion during 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 firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 3.24 EPS for the current fiscal year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.05% of the company’s stock.
A number of brokerages have recently weighed in on XOM. Barclays began coverage on Exxon Mobil in a research report on Monday. They issued an “equal weight” rating and a $73.00 price objective on the stock. Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada restated a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. BMO Capital Markets assumed coverage on Exxon Mobil in a research report on Tuesday. They set a “market perform” rating and a $86.00 price target on the stock. Finally, JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Three research 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 currently has a consensus rating of “Hold” and an average price target of $82.35.
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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