Bank of The Ozarks decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 2.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,583 shares of the oil and gas company’s stock after selling 1,831 shares during the quarter. Exxon Mobil makes up 2.1% of Bank of The Ozarks’ holdings, making the stock its 4th largest position. Bank of The Ozarks’ holdings in Exxon Mobil were worth $5,260,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of XOM. BlackRock Inc. boosted its position in Exxon Mobil by 1.2% during the first 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. Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after purchasing an additional 1,200,678 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Exxon Mobil by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock worth $1,778,179,000 after purchasing an additional 1,116,450 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Exxon Mobil by 8.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,735,708 shares of the oil and gas company’s stock worth $1,136,355,000 after purchasing an additional 1,045,871 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Exxon Mobil by 3.0% during the first quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock worth $980,635,000 after purchasing an additional 376,686 shares in the last quarter. Hedge funds and other institutional investors own 52.43% of the company’s stock.
In related news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was 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 $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.
NYSE XOM opened at $80.87 on Friday. The company has a market capitalization of $347.43 billion, a PE ratio of 22.53, a PEG ratio of 1.32 and a beta of 0.86. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.
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 return on equity of 9.56% and a net margin of 8.15%. The firm had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 4.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 annualized dividend and a dividend yield of 4.06%. Exxon Mobil’s dividend payout ratio is presently 91.36%.
A number of equities analysts have issued reports on XOM shares. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Monday, October 1st. HSBC reiterated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil in a research report on Wednesday, September 12th. BNP Paribas set a $85.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, August 28th. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $93.00 target price on shares of Exxon Mobil in a research report on Tuesday, September 11th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $87.27.
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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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