AGF Management Ltd. Sells 28,546 Shares of Exxon Mobil Corporation (NYSE:XOM)

AGF Management Ltd. cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 8.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 301,336 shares of the oil and gas company’s stock after selling 28,546 shares during the quarter. AGF Management Ltd.’s holdings in Exxon Mobil were worth $35,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp boosted its stake in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Exxon Mobil by 3.9% during the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company’s stock worth $3,739,465,000 after purchasing an additional 1,293,111 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock worth $3,850,167,000 after purchasing an additional 512,860 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock worth $3,028,968,000 after purchasing an additional 909,386 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Finally, TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Hold” and an average target price of $125.26.

Exxon Mobil Trading Down 0.9%

Exxon Mobil stock opened at $105.87 on Tuesday. The firm has a 50-day moving average of $109.94 and a 200-day moving average of $108.94. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market cap of $451.35 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 2.01 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the prior year, the business posted $2.14 EPS. The company’s quarterly revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Exxon Mobil Company Profile

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.