Central Bank & Trust Co. trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 47.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,869 shares of the oil and gas company’s stock after selling 6,299 shares during the quarter. Central Bank & Trust Co.’s holdings in Exxon Mobil were worth $791,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $5,519,753,000. Price T Rowe Associates Inc. MD raised its stake in Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares during the period. Capital International Investors lifted its holdings in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Exxon Mobil by 6.0% in the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after acquiring an additional 1,037,226 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. UBS Group increased their price target on Exxon Mobil from $152.00 to $154.00 and gave the stock a ‘buy’ rating in a research report on Tuesday, June 25th. Mizuho boosted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a ‘neutral’ rating in a report on Monday, May 13th. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a ‘hold’ rating in a research note on Tuesday, April 30th. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an ‘outperform’ rating on the stock in a research note on Wednesday, July 17th. Finally, Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an ‘outperform’ rating and a $146.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of ‘Moderate Buy’ and a consensus price target of $134.39.
Get Our Latest Research Report on XOM
Exxon Mobil Stock Up 0.3 %
Exxon Mobil stock opened at $118.53 on Tuesday. The company has a market capitalization of $467.36 billion, a P/E ratio of 14.53, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm’s fifty day simple moving average is $114.80 and its 200-day simple moving average is $113.58. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.21%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.
About Exxon Mobil
(Free Report)
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.
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