Trexquant Investment LP Acquires New Holdings in Exxon Mobil Co. (XOM)

Trexquant Investment LP acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,000 shares of the oil and gas company’s stock, valued at approximately $969,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its holdings in Exxon Mobil by 7.9% during the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after purchasing an additional 15,740,895 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Exxon Mobil by 6.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock valued at $1,567,780,000 after purchasing an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Exxon Mobil by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock valued at $976,677,000 after purchasing an additional 51,810 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Exxon Mobil by 22.7% in the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after buying an additional 2,088,263 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Exxon Mobil by 0.6% in the second quarter. Fisher Asset Management LLC now owns 4,730,728 shares of the oil and gas company’s stock worth $381,912,000 after buying an additional 26,923 shares in the last quarter. 50.84% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Co. (NYSE:XOM) opened at $81.21 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $76.05 and a fifty-two week high of $93.22. The stock has a market cap of $344,100.00, a P/E ratio of 23.28, a PEG ratio of 1.75 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 6.34% and a return on equity of 8.81%. The firm had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter last year, the business earned $0.63 earnings per share. research analysts forecast that Exxon Mobil Co. will post 3.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s payout ratio is 100.33%.

A number of equities research analysts have recently issued reports on XOM shares. Royal Bank Of Canada set a $88.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, July 20th. Citigroup Inc. lowered their price target on shares of Exxon Mobil from $87.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $89.47 price target on the stock in a report on Monday, July 24th. Jefferies Group LLC set a $86.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Scotiabank set a $86.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Friday, July 28th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $85.77.

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In related news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

About Exxon Mobil

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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