Dodge & Cox boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,344 shares of the oil and gas company’s stock after buying an additional 1,526 shares during the period. Dodge & Cox’s holdings in Exxon Mobil were worth $10,912,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Morgan Stanley increased its holdings in shares of Exxon Mobil by 19.6% during the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock valued at $1,872,372,000 after purchasing an additional 3,614,568 shares during the period. Legal & General Group Plc increased its holdings in shares of Exxon Mobil by 1.1% during the third quarter. Legal & General Group Plc now owns 20,342,056 shares of the oil and gas company’s stock valued at $1,729,678,000 after purchasing an additional 216,323 shares during the period. Swiss National Bank increased its holdings in shares of Exxon Mobil by 2.9% during the second quarter. Swiss National Bank now owns 15,058,036 shares of the oil and gas company’s stock valued at $1,245,751,000 after purchasing an additional 423,200 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Exxon Mobil by 2.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,020,654 shares of the oil and gas company’s stock valued at $1,192,036,000 after purchasing an additional 284,946 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Exxon Mobil by 5.1% during the second quarter. LSV Asset Management now owns 9,895,042 shares of the oil and gas company’s stock valued at $818,616,000 after purchasing an additional 477,971 shares during the period. 53.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XOM stock opened at $80.15 on Friday. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36. The stock has a market cap of $339.63 billion, a P/E ratio of 16.26, a PEG ratio of 1.19 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.84 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The business had revenue of $71.90 billion during the quarter, compared to analyst estimates of $78.87 billion. During the same quarter last year, the company posted $0.88 EPS. Exxon Mobil’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 4.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 11th were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.09%. Exxon Mobil’s dividend payout ratio (DPR) is 66.53%.
In related news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the transaction, the vice president now owns 223,461 shares in the company, valued at approximately $16,276,899.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
XOM has been the topic of a number of research analyst reports. Zacks Investment Research reissued a “hold” rating on shares of Exxon Mobil in a report on Saturday, November 17th. Piper Jaffray Companies reissued a “hold” rating and set a $81.00 price target on shares of Exxon Mobil in a report on Monday, November 19th. Macquarie reissued a “sell” rating and set a $70.00 price target on shares of Exxon Mobil in a report on Monday, November 19th. Raymond James cut Exxon Mobil from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 20th. Finally, BNP Paribas set a $80.00 target price on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, November 20th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $84.52.
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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