China Universal Asset Management Co. Ltd. Lowers Holdings in Exxon Mobil Corporation $XOM

China Universal Asset Management Co. Ltd. trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 39.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,762 shares of the oil and gas company’s stock after selling 9,666 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $1,591,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XOM. Vanguard Group Inc. increased its position in shares of Exxon Mobil by 0.3% during the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after acquiring an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC boosted its stake in Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after purchasing an additional 342,967 shares during the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil in the 2nd quarter worth $6,163,719,000. Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after purchasing an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after purchasing an additional 1,126,912 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $118.77 on Monday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The firm has a market capitalization of $500.88 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 7.48 and a beta of 0.38. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $115.60 and a 200 day moving average of $112.29.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analyst Ratings Changes

A number of brokerages have weighed in on XOM. Cowen reissued a “buy” rating on shares of Exxon Mobil in a research report on Friday. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Finally, TD Cowen boosted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.24.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.