IMA Wealth Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,738 shares of the oil and gas company’s stock after selling 2,609 shares during the quarter. IMA Wealth Inc.’s holdings in Exxon Mobil were worth $1,633,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. First Eagle Investment Management LLC grew its position 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 worth $1,349,366,000 after purchasing an additional 5,440,412 shares in the last quarter. Eaton Vance Management grew its position 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 worth $670,382,000 after purchasing an additional 3,136,452 shares in the last quarter. BlackRock Inc. grew its position 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 worth $19,459,936,000 after purchasing an additional 2,982,610 shares in the last quarter. OppenheimerFunds Inc. grew its position 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 worth $281,452,000 after purchasing an additional 2,609,710 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in Exxon Mobil by 8,906.3% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,605,545 shares of the oil and gas company’s stock worth $19,636,000 after purchasing an additional 1,587,718 shares in the last quarter. Hedge funds and other institutional investors own 52.43% of the company’s stock.
Exxon Mobil stock opened at $81.64 on Tuesday. 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 12 month low of $72.15 and a 12 month high of $89.30. The firm has a market cap of $347.26 billion, a PE ratio of 22.74, a P/E/G ratio of 1.33 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.56%. The business had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same period in the previous year, the company posted $0.93 EPS. Exxon Mobil’s revenue was up 25.4% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 4.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s dividend payout ratio is currently 91.36%.
In related news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.
Several equities analysts have weighed in on the stock. HSBC set a $95.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Tuesday. Goldman Sachs Group set a $84.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday. Berenberg Bank set a $85.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a price objective on shares of Exxon Mobil in a research report on Monday. Finally, Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Thursday, October 25th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $86.82.
Exxon Mobil Company 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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