Atlantic Trust LLC reduced its holdings in ExxonMobil (NYSE:XOM) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,993 shares of the oil and gas company’s stock after selling 1,753 shares during the quarter. ExxonMobil comprises 2.0% of Atlantic Trust LLC’s portfolio, making the stock its 12th biggest holding. Atlantic Trust LLC’s holdings in ExxonMobil were worth $2,705,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Shell Asset Management Co. grew its position in shares of ExxonMobil by 31.9% in the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after purchasing an additional 257,727 shares during the last quarter. Toronto Dominion Bank grew its position in shares of ExxonMobil by 5.5% in the third quarter. Toronto Dominion Bank now owns 1,817,503 shares of the oil and gas company’s stock valued at $148,994,000 after purchasing an additional 95,071 shares during the last quarter. Mizuho Securities USA LLC acquired a new stake in shares of ExxonMobil in the third quarter valued at about $1,255,000. Gratus Capital LLC lifted its stake in shares of ExxonMobil by 2.7% in the third quarter. Gratus Capital LLC now owns 110,068 shares of the oil and gas company’s stock valued at $9,023,000 after buying an additional 2,918 shares during the period. Finally, B. Riley Financial Inc. bought a new stake in shares of ExxonMobil in the third quarter valued at about $429,000. 53.12% of the stock is currently owned by institutional investors.
Shares of NYSE:XOM traded down $1.15 during trading on Friday, reaching $74.87. The stock had a trading volume of 14,299,128 shares, compared to its average volume of 15,721,125. ExxonMobil has a 52 week low of $72.15 and a 52 week high of $89.30. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $322,131.84, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.14 and a beta of 0.91.
ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). ExxonMobil had a net margin of 7.61% and a return on equity of 8.00%. The firm had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue was up 9.0% on a year-over-year basis. analysts forecast that ExxonMobil will post 4.8 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Friday, February 9th. ExxonMobil’s dividend payout ratio (DPR) is currently 85.79%.
XOM has been the subject of several research reports. Credit Suisse Group initiated coverage on shares of ExxonMobil in a research note on Monday, December 11th. They issued a “neutral” rating and a $83.00 target price for the company. JPMorgan Chase set a $81.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Tuesday, December 12th. Vetr upgraded shares of ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $92.90 target price for the company in a research note on Wednesday, December 13th. Zacks Investment Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Goldman Sachs set a $89.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Thursday, December 14th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $86.55.
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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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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