Natixis Purchases 44,016 Shares of Exxon Mobil Co. (NYSE:XOM)

Natixis lifted its position in Exxon Mobil Co. (NYSE:XOM) by 171.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,685 shares of the oil and gas company’s stock after buying an additional 44,016 shares during the quarter. Natixis’ holdings in Exxon Mobil were worth $5,340,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC lifted its holdings in Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 183 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at $26,000. Asset Planning Services Ltd. lifted its holdings in Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 496 shares during the last quarter. INR Advisory Services LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $43,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at $45,000. 54.42% of the stock is owned by institutional investors and hedge funds.

Shares of XOM traded up $0.10 during midday trading on Friday, reaching $68.08. 3,150,222 shares of the stock were exchanged, compared to its average volume of 10,968,506. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $86.88. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The company has a market cap of $291.73 billion, a P/E ratio of 13.81, a PEG ratio of 2.00 and a beta of 0.99. The stock’s 50 day simple moving average is $70.06 and its 200 day simple moving average is $75.15.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The company’s revenue was down 6.0% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 3.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s payout ratio is currently 70.59%.

In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by company insiders.

Several brokerages have issued reports on XOM. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and cut their price target for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Morgan Stanley cut their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Barclays began coverage on Exxon Mobil in a report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price target for the company. Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. Finally, Independent Research set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $81.13.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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