EFG Asset Management Americas Corp. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 90.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,850 shares of the oil and gas company’s stock after buying an additional 16,082 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Exxon Mobil were worth $1,518,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. TFO TDC LLC grew its position in shares of Exxon Mobil by 137.4% in the 1st quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock worth $32,000 after buying an additional 500 shares during the last quarter. Reitz Capital Advisors LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $33,000. PrairieView Partners LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $37,000. Capstone Financial Group Inc. boosted its position in shares of Exxon Mobil by 49.0% during the second quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 367 shares in the last quarter. Finally, Avondale Wealth Management bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 52.16% of the company’s stock.
Shares of XOM stock traded up $0.21 during mid-day trading on Friday, hitting $42.08. The company’s stock had a trading volume of 32,123,002 shares, compared to its average volume of 18,976,564. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $75.66. The business has a 50-day moving average price of $44.44 and a 200 day moving average price of $48.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. The stock has a market cap of $177.92 billion, a price-to-earnings ratio of 45.74 and a beta of 1.33.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm had revenue of $32.61 billion during the quarter, compared to the consensus estimate of $38.16 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s revenue was down 52.8% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post -0.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend is Wednesday, August 12th. Exxon Mobil’s payout ratio is currently 154.67%.
Several equities research analysts recently weighed in on XOM shares. Standpoint Research lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Piper Sandler lifted their price target on Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Cfra lowered Exxon Mobil from a “hold” rating to a “sell” rating and lifted their price target for the company from $41.00 to $43.00 in a research report on Thursday, April 30th. Scotiabank lowered their price objective on Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating for the company in a research note on Monday, July 13th. Finally, BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. Five analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.17.
Exxon Mobil 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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