Perfromance Wealth Partners LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 34.0% in the second quarter, Holdings Channel reports. The fund owned 22,053 shares of the oil and gas company’s stock after purchasing an additional 5,591 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Exxon Mobil were worth $2,358,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC lifted its holdings in shares of Exxon Mobil by 1.9% in the 1st quarter. FMR LLC now owns 144,949,334 shares of the oil and gas company’s stock valued at $15,895,144,000 after acquiring an additional 2,680,850 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Exxon Mobil by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 73,871,122 shares of the oil and gas company’s stock valued at $8,084,883,000 after acquiring an additional 520,794 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Exxon Mobil by 16.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after acquiring an additional 6,580,247 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. HSBC increased their price target on shares of Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Mizuho raised their price objective on shares of Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Wolfe Research downgraded shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, UBS Group raised their price objective on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $123.74.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey W. Ubben bought 458,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the transaction, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by insiders.
Exxon Mobil Price Performance
Shares of XOM opened at $114.94 on Friday. The firm has a market capitalization of $460.13 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92. The company’s fifty day moving average price is $109.82 and its 200-day moving average price is $108.67.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The company had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. Exxon Mobil’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same period last year, the firm earned $4.14 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 8.94 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.17%. Exxon Mobil’s dividend payout ratio is presently 29.12%.
About Exxon Mobil
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
Read More
- Five stocks we like better than Exxon Mobil
- What is the Dogs of the Dow Strategy? Overview and Examples
- 3 Reasons This Sleeping Giant Is About To Wake Up
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- MarketBeat Week in Review – 9/18 – 9/22
- How and Why to Invest in Oil Stocks
- 52-week Low Names To Tip The Upside Scale In Your Favor
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 – Free Report).
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.
