Diversified Trust Co. Purchases 12,076 Shares of ExxonMobil Corporation $XOM

Diversified Trust Co. grew its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 9.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 144,820 shares of the oil and gas company’s stock after purchasing an additional 12,076 shares during the period. Diversified Trust Co.’s holdings in ExxonMobil were worth $19,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in ExxonMobil in the 4th quarter valued at $7,625,063,000. Quantum Portfolio Management LLC bought a new position in ExxonMobil during the 1st quarter worth $965,932,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ExxonMobil during the first quarter worth $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ExxonMobil by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after buying an additional 2,465,410 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of ExxonMobil by 334.4% in the fourth quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock valued at $368,541,000 after acquiring an additional 2,357,467 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on XOM shares. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and upped their price target for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Barclays boosted their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Morgan Stanley decreased their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Finally, Weiss Ratings raised shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of “Hold” and a consensus price target of $163.29.

Get Our Latest Stock Report on XOM

ExxonMobil Stock Down 0.6%

Shares of NYSE:XOM opened at $158.78 on Friday. ExxonMobil Corporation has a 52-week low of $105.67 and a 52-week high of $176.41. The company has a market capitalization of $658.13 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 0.63 and a beta of 0.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The company has a fifty day moving average of $146.80 and a 200-day moving average of $150.38.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. On average, equities analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

ExxonMobil Company Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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