Change Path LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 19.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,709 shares of the oil and gas company’s stock after acquiring an additional 1,444 shares during the period. Change Path LLC’s holdings in Exxon Mobil were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in Exxon Mobil by 6.0% during the second quarter. Victory Capital Management Inc. now owns 387,958 shares of the oil and gas company’s stock worth $29,729,000 after purchasing an additional 21,869 shares in the last quarter. Kings Point Capital Management boosted its position in Exxon Mobil by 28.2% during the second quarter. Kings Point Capital Management now owns 7,442 shares of the oil and gas company’s stock worth $570,000 after purchasing an additional 1,635 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in Exxon Mobil by 368.0% during the second quarter. CSat Investment Advisory L.P. now owns 12,911 shares of the oil and gas company’s stock worth $989,000 after purchasing an additional 10,152 shares in the last quarter. Rainier Group Investment Advisory LLC boosted its position in Exxon Mobil by 5.5% during the second quarter. Rainier Group Investment Advisory LLC now owns 12,356 shares of the oil and gas company’s stock worth $947,000 after purchasing an additional 645 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Exxon Mobil during the second quarter worth approximately $564,000. 54.42% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.
XOM has been the topic of several research reports. BMO Capital Markets initiated coverage on Exxon Mobil in a research report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price on the stock. Zacks Investment Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. Independent Research set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. Berenberg Bank restated a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research report on Wednesday, August 7th. Finally, Barclays initiated coverage on Exxon Mobil in a research report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $81.13.
Exxon Mobil stock traded down $0.25 during trading on Friday, reaching $72.08. 16,863,179 shares of the company were exchanged, compared to its average volume of 10,049,064. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The company has a market capitalization of $306.04 billion, a P/E ratio of 14.62, a PEG ratio of 2.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $70.15 and its two-hundred day simple moving average is $75.75.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 3.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were given a dividend of $0.87 per share. The ex-dividend date was Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 4.83%. Exxon Mobil’s payout ratio is 70.59%.
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 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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