Exxon Mobil Corporation $XOM Stock Holdings Cut by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 20.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,111 shares of the oil and gas company’s stock after selling 4,300 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Exxon Mobil were worth $2,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in Exxon Mobil during the 1st quarter valued at $136,000. TD Capital Management LLC boosted its stake in Exxon Mobil by 63.7% during the 1st quarter. TD Capital Management LLC now owns 6,805 shares of the oil and gas company’s stock valued at $809,000 after purchasing an additional 2,648 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in Exxon Mobil by 11.7% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,687 shares of the oil and gas company’s stock valued at $795,000 after purchasing an additional 699 shares in the last quarter. Oarsman Capital Inc. boosted its stake in Exxon Mobil by 2.9% during the 1st quarter. Oarsman Capital Inc. now owns 4,616 shares of the oil and gas company’s stock valued at $549,000 after purchasing an additional 132 shares in the last quarter. Finally, Orion Investment Co boosted its stake in Exxon Mobil by 0.7% during the 1st quarter. Orion Investment Co now owns 86,225 shares of the oil and gas company’s stock valued at $10,255,000 after purchasing an additional 623 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM opened at $113.43 on Friday. The stock has a fifty day moving average of $110.17 and a 200-day moving average of $108.97. The firm has a market capitalization of $483.56 billion, a P/E ratio of 16.11, a PEG ratio of 2.10 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 quick ratio of 0.88, a current ratio of 1.25 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. The company 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 company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 earnings per share. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. TD Cowen increased 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. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $125.00.

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.