Price T Rowe Associates Inc. MD Decreases Stock Position in Exxon Mobil Corporation $XOM

Price T Rowe Associates Inc. MD lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,284,155 shares of the oil and gas company’s stock after selling 3,421,515 shares during the period. Exxon Mobil accounts for approximately 0.6% of Price T Rowe Associates Inc. MD’s holdings, making the stock its 22nd biggest position. Price T Rowe Associates Inc. MD’s holdings in Exxon Mobil were worth $5,266,716,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XOM. Nuveen LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth about $2,730,414,000. GQG Partners LLC boosted its position in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the last quarter. Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 2,998,892 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Exxon Mobil in the fourth quarter worth $240,653,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the subject of several research reports. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday. They set a “hold” rating and a $111.00 target price on the stock. TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $125.00.

Exxon Mobil Price Performance

XOM stock opened at $108.5440 on Thursday. The stock has a market cap of $462.75 billion, a PE ratio of 15.42, a P/E/G ratio of 2.01 and a beta of 0.53. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a 50-day moving average price of $110.27 and a 200 day moving average price of $108.87. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 earnings per share. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.