IFM Investors Pty Ltd increased its stake in Exxon Mobil Co. (NYSE:XOM) by 34.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,065 shares of the oil and gas company’s stock after purchasing an additional 28,821 shares during the quarter. Exxon Mobil makes up approximately 2.3% of IFM Investors Pty Ltd’s portfolio, making the stock its 6th biggest holding. IFM Investors Pty Ltd’s holdings in Exxon Mobil were worth $9,128,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Horan Securities Inc. increased its holdings in shares of Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares during the period. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil in the first quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares during the period. David R. Rahn & Associates Inc. bought a new position in shares of Exxon Mobil in the second quarter worth $207,000. Finally, WP Advisors LLC bought a new position in shares of Exxon Mobil in the second quarter worth $211,000. 51.05% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on XOM shares. BNP Paribas set a $70.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Monday, September 25th. Vetr lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 target price for the company. in a research report on Thursday, September 28th. Jefferies Group set a $85.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. Morgan Stanley set a $85.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Tuesday, October 17th. Finally, Cowen restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 19th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $86.36.
Shares of Exxon Mobil Co. (NYSE:XOM) traded down $0.38 during mid-day trading on Friday, reaching $83.64. 8,522,511 shares of the company traded hands, compared to its average volume of 10,603,892. Exxon Mobil Co. has a 52 week low of $76.05 and a 52 week high of $91.34. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $356,001.63, a PE ratio of 27.24, a P/E/G ratio of 1.67 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter last year, the company posted $0.63 EPS. analysts predict that Exxon Mobil Co. will post 3.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.
Exxon Mobil Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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