Ariston Services Group Boosts Position in Exxon Mobil Corporation $XOM

Ariston Services Group boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 45.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,150 shares of the oil and gas company’s stock after purchasing an additional 1,600 shares during the quarter. Exxon Mobil makes up 0.5% of Ariston Services Group’s portfolio, making the stock its 20th biggest holding. Ariston Services Group’s holdings in Exxon Mobil were worth $612,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Northern Trust Corp boosted its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp boosted its position in 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. Charles Schwab Investment Management Inc. boosted its position in 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. Ameriprise Financial Inc. boosted its position in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Exxon Mobil by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock valued at $3,028,968,000 after acquiring an additional 909,386 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on XOM shares. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius Research started coverage on Exxon Mobil in a research report on Wednesday. They issued a “hold” rating and a $111.00 price objective on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Wall Street Zen downgraded Exxon Mobil from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $125.00.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $111.1220 on Friday. The firm has a market capitalization of $473.74 billion, a P/E ratio of 15.78, a PEG ratio of 2.05 and a beta of 0.53. The stock has a fifty day moving average price of $110.24 and a 200 day moving average price of $108.89. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. 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 released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 Announces Dividend

The firm 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 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s dividend payout ratio 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.