Raymond James Trust N.A. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,725 shares of the oil and gas company’s stock after selling 5,483 shares during the quarter. Exxon Mobil accounts for 1.5% of Raymond James Trust N.A.’s portfolio, making the stock its 6th largest position. Raymond James Trust N.A.’s holdings in Exxon Mobil were worth $22,314,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Exxon Mobil by 1.2% during 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 last quarter. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 4.7% during 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 last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Exxon Mobil by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after purchasing an additional 1,200,678 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Exxon Mobil by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock worth $1,778,179,000 after purchasing an additional 1,116,450 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Exxon Mobil by 43.0% during 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 last quarter. Institutional investors and hedge funds own 52.60% of the company’s stock.
NYSE XOM opened at $82.92 on Monday. Exxon Mobil Co. has a 12 month low of $72.15 and a 12 month high of $89.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. The stock has a market capitalization of $352.26 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.39 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. During the same quarter in the previous year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. equities research analysts expect that Exxon Mobil Co. will post 4.54 EPS for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend was Friday, August 10th. This represents a $3.28 annualized dividend and a dividend yield of 3.96%. Exxon Mobil’s payout ratio is 91.36%.
Several analysts have recently commented on XOM shares. BNP Paribas restated a “sell” rating and set a $85.00 target price on shares of Exxon Mobil in a report on Wednesday, May 23rd. Goldman Sachs Group restated a “neutral” rating and set a $84.00 target price on shares of Exxon Mobil in a report on Wednesday, May 23rd. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $72.16 to $100.00 in a report on Wednesday, May 30th. They noted that the move was a valuation call. Mizuho started coverage on Exxon Mobil in a report on Friday, June 8th. They set a “neutral” rating and a $81.00 target price on the stock. Finally, Jefferies Financial Group restated a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a report on Monday, June 11th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $87.66.
Exxon Mobil 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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