State Street Corp Has $22.49 Billion Stock Position in Exxon Mobil Corporation $XOM

State Street Corp lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.9% during the second quarter, HoldingsChannel reports. The fund owned 208,647,111 shares of the oil and gas company’s stock after selling 6,139,570 shares during the quarter. Exxon Mobil makes up about 0.8% of State Street Corp’s portfolio, making the stock its 15th biggest holding. State Street Corp’s holdings in Exxon Mobil were worth $22,492,159,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its holdings in shares of Exxon Mobil by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 713,598 shares of the oil and gas company’s stock worth $76,926,000 after purchasing an additional 33,571 shares during the period. Hurley Capital LLC grew its position in Exxon Mobil by 24.0% during the second quarter. Hurley Capital LLC now owns 827 shares of the oil and gas company’s stock worth $89,000 after buying an additional 160 shares in the last quarter. Paradigm Capital Management LLC NV increased its stake in Exxon Mobil by 1.8% during the second quarter. Paradigm Capital Management LLC NV now owns 13,620 shares of the oil and gas company’s stock valued at $1,468,000 after acquiring an additional 246 shares during the period. Financial Strategies Group Inc. raised its holdings in Exxon Mobil by 6.8% in the 2nd quarter. Financial Strategies Group Inc. now owns 63,582 shares of the oil and gas company’s stock valued at $7,339,000 after acquiring an additional 4,025 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in shares of Exxon Mobil by 6.3% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 25,280 shares of the oil and gas company’s stock worth $2,725,000 after acquiring an additional 1,488 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 0.6%

XOM opened at $115.83 on Tuesday. The firm has a market cap of $488.49 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.47 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The firm’s 50-day simple moving average is $115.07 and its 200-day simple moving average is $111.84. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 1st. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research report on Monday. Finally, UBS Group reissued a “buy” rating and issued a $145.00 price target on shares of Exxon Mobil in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $127.89.

About Exxon Mobil

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.