Vanguard Group Inc. Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Vanguard Group Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,643,903 shares of the oil and gas company’s stock after acquiring an additional 2,953,857 shares during the period. Exxon Mobil makes up 1.0% of Vanguard Group Inc.’s holdings, making the stock its 8th largest position. Vanguard Group Inc. owned approximately 8.22% of Exxon Mobil worth $26,639,953,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Massey Quick Simon & CO. LLC increased its position in shares of Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 183 shares during the period. Krane Funds Advisors LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at $26,000. Asset Planning Services Ltd. increased its position in shares of Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 496 shares during the period. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at $45,000. Finally, INR Advisory Services LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $43,000. 54.42% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on XOM shares. BMO Capital Markets started coverage on Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price target on the stock. Berenberg Bank reiterated a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. Bank of America reiterated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Monday, August 5th. Finally, Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $81.13.

In related news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

Shares of XOM stock traded down $0.60 on Tuesday, reaching $73.13. 512,042 shares of the company’s stock traded hands, compared to its average volume of 9,484,946. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The company has a market capitalization of $307.35 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The business’s 50 day moving average price is $70.35 and its two-hundred day moving average price is $75.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. Exxon Mobil’s revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 3.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were given a dividend of $0.87 per share. The ex-dividend date was Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 4.76%. Exxon Mobil’s payout ratio is 70.59%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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