Victory Capital Management Inc. trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,319 shares of the oil and gas company’s stock after selling 13,590 shares during the quarter. Victory Capital Management Inc.’s holdings in Exxon Mobil were worth $21,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Exxon Mobil by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after acquiring an additional 15,740,895 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Exxon Mobil by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock valued at $1,872,300,000 after acquiring an additional 604,537 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Exxon Mobil by 7.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock valued at $1,656,859,000 after acquiring an additional 1,406,529 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Exxon Mobil by 2.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,143,243 shares of the oil and gas company’s stock valued at $980,324,000 after acquiring an additional 233,999 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Exxon Mobil by 22.7% in the 2nd quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock valued at $910,002,000 after acquiring an additional 2,088,263 shares in the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.
In other news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.
A number of research analysts recently weighed in on XOM shares. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price objective on the stock in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $76.00 price objective on Exxon Mobil and gave the company a “hold” rating in a research note on Friday, August 25th. Goldman Sachs Group set a $86.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, October 30th. Royal Bank Of Canada set a $90.00 price target on Exxon Mobil and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and an average price target of $86.14.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up $0.44 during trading hours on Monday, hitting $83.90. The stock had a trading volume of 6,640,720 shares, compared to its average volume of 10,957,506. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22. The firm has a market cap of $353,628.84, a price-to-earnings ratio of 23.44, a PEG ratio of 1.75 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same quarter last year, the firm earned $0.63 EPS. equities research analysts anticipate that Exxon Mobil Corporation will post 3.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s payout ratio is presently 100.33%.
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Exxon Mobil 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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