World Asset Management Inc cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,755 shares of the oil and gas company’s stock after selling 8,296 shares during the quarter. Exxon Mobil accounts for 1.2% of World Asset Management Inc’s investment portfolio, making the stock its 9th largest position. World Asset Management Inc’s holdings in Exxon Mobil were worth $13,294,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of XOM. Atlas Capital Advisors LLC increased its position in shares of Exxon Mobil by 102.9% in the first quarter. Atlas Capital Advisors LLC now owns 493 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 250 shares in the last quarter. Mizuho Securities Co. Ltd. increased its position in shares of Exxon Mobil by 243.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 756 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 536 shares in the last quarter. tru Independence LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $43,000. Baldrige Asset Management LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth approximately $50,000. Finally, USA Financial Portformulas Corp acquired a new stake in shares of Exxon Mobil in the second quarter worth approximately $57,000. Institutional investors and hedge funds own 51.73% of the company’s stock.
A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sell” rating and issued a $60.00 price target on shares of Exxon Mobil in a research note on Wednesday, June 2nd. HSBC lowered their price target on Exxon Mobil from $65.00 to $57.00 and set a “hold” rating on the stock in a research note on Thursday, July 22nd. Wells Fargo & Company lifted their price target on Exxon Mobil from $67.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 30th. lifted their price target on Exxon Mobil from $56.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, July 1st. Finally, Tudor Pickering reissued a “buy” rating and set a C$48.00 price objective on shares of Exxon Mobil in a research note on Friday, June 4th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.35.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Thursday, July 29th. The oil and gas company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.08. Exxon Mobil had a positive return on equity of 3.98% and a negative net margin of 6.07%. The business had revenue of $67.74 billion for the quarter, compared to the consensus estimate of $63.96 billion. During the same quarter in the prior year, the business posted ($0.70) EPS. The business’s revenue for the quarter was up 107.8% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 4.55 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were given a $0.87 dividend. The ex-dividend date was Thursday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.19%. Exxon Mobil’s dividend payout ratio (DPR) is presently -1,054.55%.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
Further Reading: Determine Your Level of Risk Tolerance
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.