Quotient Investors LLC increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,706 shares of the oil and gas company’s stock after buying an additional 144 shares during the period. Quotient Investors LLC’s holdings in Exxon Mobil Corporation were worth $1,288,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of XOM. State Street Corp raised its stake in shares of Exxon Mobil Corporation by 4.3% in the fourth quarter. State Street Corp now owns 200,026,488 shares of the oil and gas company’s stock valued at $18,054,385,000 after buying an additional 8,303,490 shares in the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at $3,306,084,000. Teachers Advisors LLC raised its stake in shares of Exxon Mobil Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock valued at $655,276,000 after buying an additional 471,230 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Exxon Mobil Corporation by 824.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,221,961 shares of the oil and gas company’s stock valued at $651,912,000 after buying an additional 6,440,709 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Exxon Mobil Corporation by 7.4% in the fourth quarter. AQR Capital Management LLC now owns 4,574,206 shares of the oil and gas company’s stock worth $412,868,000 after buying an additional 315,106 shares during the period. 50.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.25% during mid-day trading on Tuesday, hitting $79.96. The stock had a trading volume of 9,028,396 shares. The stock has a market capitalization of $338.79 billion, a P/E ratio of 28.88 and a beta of 0.81. The stock has a 50 day moving average of $80.89 and a 200-day moving average of $81.98. Exxon Mobil Corporation has a 52 week low of $78.27 and a 52 week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.85%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
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XOM has been the topic of a number of research analyst reports. BMO Capital Markets set a $78.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a report on Monday, June 26th. BNP Paribas reaffirmed a “sell” rating and set a $70.00 target price on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 target price for the company in a research note on Monday, July 10th. Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. Finally, Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation has an average rating of “Hold” and a consensus price target of $85.39.
In other news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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