Sumitomo Life Insurance Co. reduced its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 11.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The company owned 38,964 shares of the oil and gas company after selling 5,093 shares during the same period. Sumitomo Life Insurance Co.’s holdings in Exxon Mobil were worth $4,486,000, according to its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Dupree Financial Group LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $378,000. Intact Investment Management Inc. increased its holdings in shares of Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares in the last quarter. AJOVista LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $312,000. Kinsale Capital Group Inc. increased its stake in Exxon Mobil by 33.0% in the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after purchasing an additional 9,657 shares in the last quarter. Finally, Buckingham Capital Management Inc. increased its position in Exxon Mobil by 24.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 2,040 shares in the last quarter. 61.80% of the shares are owned by hedge funds and other institutional investors.
Exxon Mobil shares down 0.5%
Shares of XOM opened at $118.17 on Monday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market cap of $465.95 billion, a P/E ratio of 14.48, a PEG ratio of 4.51 and a beta of 0.91. The company has a 50-day moving average of $114.69 and a 200-day moving average of $113.47.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, August 2. The oil and gas company reported earnings per share (EPS) of $2.14 for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the company posted earnings per share of $1.94. Exxon Mobil’s quarterly revenue grew 12.2% year-over-year. On average, equities analysts expect that Exxon Mobil Co. will report earnings per share of $8.65 for the current year.
Exxon Mobil dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will receive a dividend of $0.95. This represents an annualized dividend of $3.80 and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.
Upgrades and downgrades by analysts
Several equities analysts have recently commented on the company. UBS Group increased their price target on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $139.00 to $135.00 and issued an “overweight” rating on the stock in a report on Monday, August 5th. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Finally, Barclays lowered their price target on Exxon Mobil shares from $147.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9. Eight equities analysts have rated the stock with a “hold” rating, eleven have given a “buy” rating, and one has given a “strong buy” rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “moderate buy” and an average price target of $134.39.
Get our latest analysis on XOM
Exxon Mobil company profile
(Free report)
Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. The company operates in the 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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