TNB Financial grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 65,577 shares of the oil and gas company’s stock after acquiring an additional 1,486 shares during the quarter. TNB Financial’s holdings in Exxon Mobil were worth $5,425,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in XOM. First Eagle Investment Management LLC grew its holdings in Exxon Mobil by 43.0% during the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after purchasing an additional 5,440,412 shares during the last quarter. Eaton Vance Management grew its holdings in Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after purchasing an additional 3,136,452 shares during the last quarter. BlackRock Inc. grew its holdings in Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after purchasing an additional 2,982,610 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in Exxon Mobil by 224.5% during the 1st quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock valued at $281,452,000 after purchasing an additional 2,609,710 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock valued at $4,642,701,000 after purchasing an additional 2,474,965 shares during the last quarter. Hedge funds and other institutional investors own 52.60% of the company’s stock.
NYSE 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 52-week low of $72.15 and a 52-week high of $89.30. The company has a market cap of $352.26 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.39 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ 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 prior year, the business posted $0.78 earnings per share. Exxon Mobil’s revenue for the quarter was up 26.6% on a year-over-year basis. equities analysts predict that Exxon Mobil Co. will post 4.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, August 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.96%. Exxon Mobil’s dividend payout ratio is presently 91.36%.
Several equities analysts recently commented on XOM shares. Royal Bank of Canada set a $100.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Thursday, June 21st. Societe Generale reiterated a “buy” rating and set a $87.00 price target on shares of Exxon Mobil in a report on Wednesday, July 11th. HSBC reiterated a “buy” rating and set a $93.50 price target on shares of Exxon Mobil in a report on Monday, July 16th. Finally, Morningstar set a $90.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Wednesday, September 5th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $87.66.
About Exxon Mobil
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.
Further Reading: Understanding Analyst Ratings
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