Industry News

Oak Asset Management LLC Acquires 4,331 Shares of Exxon Mobil Co. (NYSE:XOM)

By August 20, 2019 No Comments

Oak Asset Management LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 21.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,637 shares of the oil and gas company’s stock after acquiring an additional 4,331 shares during the quarter. Oak Asset Management LLC’s holdings in Exxon Mobil were worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of 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 during the period. Thoroughbred Financial Services LLC raised its holdings in Exxon Mobil by 7,471.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after buying an additional 1,748,402 shares during the period. Nomura Holdings Inc. grew its position 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 buying an additional 809,199 shares in the last quarter. Inlet Private Wealth LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $48,697,000. Finally, Royal London Asset Management Ltd. lifted its stake in 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 last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

XOM has been the topic of several research analyst reports. Berenberg Bank restated a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Wednesday, August 7th. Royal Bank of Canada restated a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research note on Friday, August 2nd. Barclays started coverage on Exxon Mobil in a research note on Monday. They issued an “equal weight” rating and a $73.00 target price on the stock. HSBC reiterated a “neutral” rating and issued a $86.50 target price on shares of Exxon Mobil in a research note on Thursday, May 23rd. Finally, Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $82.18.

XOM traded up $1.09 on Monday, hitting $69.39. The company had a trading volume of 418,228 shares, compared to its average volume of 12,310,645. The company’s fifty day moving average price is $74.19 and its 200 day moving average price is $76.91. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year 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. The stock has a market cap of $284.54 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same period in the previous year, the company earned $0.92 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 3.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.02%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio is currently 70.59%.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

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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