Industry News

Royal London Asset Management Ltd. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

By August 19, 2019 No Comments

Royal London Asset Management Ltd. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,587,275 shares of the oil and gas company’s stock after buying an additional 47,691 shares during the period. Exxon Mobil makes up 1.9% of Royal London Asset Management Ltd.’s holdings, making the stock its 7th biggest position. Royal London Asset Management Ltd. owned 0.06% of Exxon Mobil worth $198,237,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC increased its position in shares of Exxon Mobil by 6.8% in 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. Rhumbline Advisers increased its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock worth $530,295,000 after purchasing an additional 90,623 shares during the period. Fisher Asset Management LLC increased its position in shares of Exxon Mobil by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock worth $404,463,000 after purchasing an additional 76,282 shares during the period. First Trust Advisors LP increased its position in shares of Exxon Mobil by 17.3% in the second quarter. First Trust Advisors LP now owns 3,011,774 shares of the oil and gas company’s stock worth $230,792,000 after purchasing an additional 445,113 shares during the period. Finally, Strs Ohio increased its position in shares of Exxon Mobil by 0.6% in the fourth quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock worth $189,870,000 after purchasing an additional 17,205 shares during the period. Hedge funds and other institutional investors own 54.49% of the company’s stock.

In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s 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 sale, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. Morgan Stanley decreased their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Berenberg Bank restated a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $82.59.

NYSE:XOM opened at $68.30 on Friday. The stock’s 50-day simple moving average is $74.19 and its 200 day simple moving average is $76.91. The firm has a market capitalization of $284.54 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.94 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 twelve month low of $64.65 and a twelve month high of $87.36.

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%. Exxon Mobil’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 3.24 EPS for the current fiscal year.

The firm also recently disclosed 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 annualized dividend and a yield of 5.10%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

Exxon Mobil Company 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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