Well Done LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,021 shares of the oil and gas company’s stock after purchasing an additional 550 shares during the quarter. Well Done LLC’s holdings in Exxon Mobil were worth $998,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its stake in shares of Exxon Mobil by 6.8% during the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock worth $3,859,642,000 after acquiring an additional 3,038,704 shares during the period. Rhumbline Advisers grew its position in Exxon Mobil by 1.2% during the fourth quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock worth $530,295,000 after buying an additional 90,623 shares during the period. Fisher Asset Management LLC grew its position in Exxon Mobil by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock worth $404,463,000 after buying an additional 76,282 shares during the period. Strs Ohio grew its position in Exxon Mobil by 0.6% during the fourth quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock worth $189,870,000 after buying an additional 17,205 shares during the period. Finally, Korea Investment CORP grew its position in Exxon Mobil by 0.8% during the fourth quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock worth $184,660,000 after buying an additional 21,800 shares during the period. Institutional investors own 54.52% of the company’s stock.
In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total value of $460,559.22. Following the sale, the vice president now owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.
XOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 target price on shares of Exxon Mobil in a research report on Friday. Berenberg Bank restated a “hold” rating and set a $76.00 target price on shares of Exxon Mobil in a research report on Thursday, April 11th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada restated a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a research report on Friday. Finally, Goldman Sachs Group restated a “hold” rating and set a $80.00 target price on shares of Exxon Mobil in a research report on Monday, April 29th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $83.52.
Shares of NYSE XOM traded down $0.71 on Friday, hitting $71.75. The company’s stock had a trading volume of 21,374,999 shares, compared to its average volume of 8,843,826. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The stock has a market cap of $306.59 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. The company has a 50 day simple moving average of $75.84.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 3.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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