Gulf International Bank UK Ltd increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,298,508 shares of the oil and gas company’s stock after buying an additional 3,403 shares during the period. Exxon Mobil Corporation accounts for 1.5% of Gulf International Bank UK Ltd’s holdings, making the stock its 6th largest position. Gulf International Bank UK Ltd’s holdings in Exxon Mobil Corporation were worth $104,828,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter worth approximately $3,306,084,000. State Street Corp boosted its position in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares during the last quarter. Pioneer Investment Management Inc. boosted its position in shares of Exxon Mobil Corporation by 142.4% in the first quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock worth $182,052,000 after buying an additional 1,304,036 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its position in shares of Exxon Mobil Corporation by 28.5% in the first quarter. State of Tennessee Treasury Department now owns 3,214,501 shares of the oil and gas company’s stock worth $263,621,000 after buying an additional 712,959 shares during the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.
Exxon Mobil Corporation (NYSE:XOM) traded up 0.51% on Friday, hitting $76.72. 6,844,875 shares of the stock traded hands. The company has a market capitalization of $325.07 billion, a PE ratio of 27.66 and a beta of 0.81. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The firm has a 50-day moving average price of $79.36 and a 200-day moving average price of $81.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same period in the prior year, the business earned $0.41 earnings per share. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts forecast that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
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XOM has been the topic of a number of analyst reports. Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 target price on the stock in a research report on Monday, June 5th. Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Morgan Stanley set a $81.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. Argus reiterated a “focus list” rating and issued a $104.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. Finally, Royal Bank Of Canada cut shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $96.00 to $95.00 in a research report on Thursday, July 6th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $84.56.
In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by company insiders.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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