Swiss National Bank Has $2.10 Billion Stock Position in ExxonMobil Corporation $XOM

Swiss National Bank boosted its holdings in ExxonMobil Corporation (NYSE:XOMFree Report) by 5.9% in the first quarter, HoldingsChannel reports. The firm owned 12,376,418 shares of the oil and gas company’s stock after purchasing an additional 693,800 shares during the period. ExxonMobil makes up about 1.2% of Swiss National Bank’s investment portfolio, making the stock its 11th biggest holding. Swiss National Bank’s holdings in ExxonMobil were worth $2,099,783,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. AIA Group Ltd boosted its holdings in shares of ExxonMobil by 109.0% during the 1st quarter. AIA Group Ltd now owns 230,838 shares of the oil and gas company’s stock worth $39,164,000 after buying an additional 120,398 shares in the last quarter. Legacy Wealth Advisors LLC lifted its position in shares of ExxonMobil by 65.5% during the 1st quarter. Legacy Wealth Advisors LLC now owns 4,362 shares of the oil and gas company’s stock valued at $740,000 after acquiring an additional 1,726 shares during the period. Mediolanum International Funds Ltd lifted its position in shares of ExxonMobil by 9.9% during the 1st quarter. Mediolanum International Funds Ltd now owns 651,596 shares of the oil and gas company’s stock valued at $111,729,000 after acquiring an additional 58,713 shares during the period. Spartan Wealth Advisory Services LLC bought a new position in ExxonMobil during the first quarter worth $15,582,000. Finally, ANB Bank boosted its stake in ExxonMobil by 6.2% during the first quarter. ANB Bank now owns 21,969 shares of the oil and gas company’s stock worth $3,727,000 after acquiring an additional 1,283 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. Wolfe Research downgraded shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. UBS Group increased their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Citigroup restated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Morgan Stanley decreased their target price on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Finally, Scotiabank upped their price target on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.45.

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ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Stock Performance

XOM opened at $154.52 on Thursday. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The company has a market cap of $640.47 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 0.63 and a beta of 0.17. The company’s fifty day moving average price is $145.84 and its two-hundred day moving average price is $147.14. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $1.76 earnings per share. On average, analysts expect that ExxonMobil Corporation will post 11.38 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. ExxonMobil’s payout ratio is 69.48%.

ExxonMobil Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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