QV Investors Inc. Has $8.63 Million Holdings in ExxonMobil Corporation $XOM

QV Investors Inc. decreased its stake in ExxonMobil Corporation (NYSE:XOM) by 29.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,161 shares of the oil and gas company’s stock after selling 26,560 shares during the period. QV Investors Inc.’s holdings in ExxonMobil were worth $8,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LifePlan Financial LLC increased its position in ExxonMobil by 1.8% during the second quarter. LifePlan Financial LLC now owns 6,628 shares of the oil and gas company’s stock worth $906,000 after acquiring an additional 120 shares during the period. Athena Wealth Management LLC boosted its holdings in ExxonMobil by 5.1% in the 2nd quarter. Athena Wealth Management LLC now owns 21,330 shares of the oil and gas company’s stock valued at $2,916,000 after purchasing an additional 1,037 shares during the period. Nicholson Meyer Capital Management Inc. acquired a new stake in ExxonMobil in the 2nd quarter worth $285,000. Allied Investment Advisors LLC grew its position in ExxonMobil by 1.5% in the 2nd quarter. Allied Investment Advisors LLC now owns 128,268 shares of the oil and gas company’s stock worth $17,537,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Diversified Trust Co. increased its holdings in shares of ExxonMobil by 9.1% during the 2nd quarter. Diversified Trust Co. now owns 144,820 shares of the oil and gas company’s stock worth $19,800,000 after purchasing an additional 12,076 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on XOM shares. TD Cowen upped their price objective on shares of ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Barclays boosted their price target on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $182.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Finally, BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $163.29.

ExxonMobil Trading Down 0.6%

Shares of XOM stock opened at $158.78 on Friday. The firm has a fifty day moving average of $146.80 and a 200-day moving average of $150.38. The stock has a market cap of $658.13 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 0.63 and a beta of 0.17. ExxonMobil Corporation has a 52-week low of $105.67 and a 52-week high of $176.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter last year, the firm posted $1.64 earnings per share. On average, equities research analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.

ExxonMobil Profile

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.