Denali Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 8.9% in the second quarter, HoldingsChannel.com reports. The firm owned 66,356 shares of the oil and gas company’s stock after buying an additional 5,400 shares during the period. Denali Advisors LLC’s holdings in Exxon Mobil were worth $5,490,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of XOM. First Eagle Investment Management LLC grew its holdings in Exxon Mobil by 43.0% in the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after purchasing an additional 5,440,412 shares during the period. Eaton Vance Management grew its holdings in Exxon Mobil by 53.6% in the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock worth $670,382,000 after purchasing an additional 3,136,452 shares during the period. BlackRock Inc. grew its holdings in Exxon Mobil by 1.2% in the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after purchasing an additional 2,982,610 shares during the period. OppenheimerFunds Inc. grew its holdings in Exxon Mobil by 224.5% in the first quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock worth $281,452,000 after purchasing an additional 2,609,710 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock worth $4,642,701,000 after purchasing an additional 2,474,965 shares during the period. Institutional investors and hedge funds own 52.60% of the company’s stock.
XOM opened at $82.92 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The stock has a market cap of $352.26 billion, a P/E ratio of 23.10, a PEG ratio of 1.39 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The firm had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. equities research analysts predict that Exxon Mobil Co. will post 4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s payout ratio is currently 91.36%.
A number of brokerages have recently issued reports on XOM. Goldman Sachs Group reiterated a “neutral” rating and set a $85.00 price objective on shares of Exxon Mobil in a report on Thursday, June 21st. Berenberg Bank began coverage on shares of Exxon Mobil in a report on Tuesday, September 11th. They set a “hold” rating and a $84.00 price objective for the company. Royal Bank of Canada set a $105.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, July 23rd. Morningstar set a $90.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a report on Wednesday, September 5th. Finally, Wells Fargo & Co reiterated a “neutral” rating and set a $82.00 price objective on shares of Exxon Mobil in a report on Thursday, June 21st. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $87.66.
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 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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