Standard Life Aberdeen plc cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,657,808 shares of the oil and gas company’s stock after selling 200,319 shares during the period. Exxon Mobil comprises approximately 1.2% of Standard Life Aberdeen plc’s portfolio, making the stock its 12th largest position. Standard Life Aberdeen plc owned 0.18% of Exxon Mobil worth $651,104,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Rehmann Capital Advisory Group lifted its position in shares of Exxon Mobil by 8,766.5% in the 3rd quarter. Rehmann Capital Advisory Group now owns 3,264,121 shares of the oil and gas company’s stock worth $3,009,820,000 after purchasing an additional 3,227,307 shares during the period. Towercrest Capital Management bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at $250,000. Csenge Advisory Group increased its stake in shares of Exxon Mobil by 16.3% in the 3rd quarter. Csenge Advisory Group now owns 9,272 shares of the oil and gas company’s stock valued at $717,000 after acquiring an additional 1,302 shares in the last quarter. B. Riley Wealth Management Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at $1,312,000. Finally, Nordea Investment Management AB increased its stake in shares of Exxon Mobil by 4.3% in the 3rd quarter. Nordea Investment Management AB now owns 3,820,844 shares of the oil and gas company’s stock valued at $324,852,000 after acquiring an additional 158,924 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.
Several analysts have recently weighed in on the stock. Wells Fargo & Co set a $76.00 price objective on shares of Exxon Mobil and gave the company a “hold” rating in a research note on Friday, March 8th. Cowen lowered shares of Exxon Mobil from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $100.00 to $75.00 in a research note on Friday, March 8th. Bank of America set a $105.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Thursday, March 7th. Mizuho set a $84.00 price objective on shares of Exxon Mobil and gave the company a “hold” rating in a research note on Thursday, March 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Exxon Mobil to $100.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $84.52.
Shares of XOM stock opened at $80.15 on Friday. The firm has a market cap of $339.63 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.43. The business had revenue of $71.90 billion during the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. Exxon Mobil’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Analysts forecast that Exxon Mobil Co. will post 4.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $3.28 dividend on an annualized basis and a yield of 4.09%. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.53%.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total transaction of $1,092,600.00. Following the completion of the sale, the vice president now owns 223,461 shares in the company, valued at approximately $16,276,899.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
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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 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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