Marco Investment Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,083 shares of the oil and gas company’s stock after acquiring an additional 1,662 shares during the period. Marco Investment Management LLC’s holdings in Exxon Mobil were worth $3,790,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Exxon Mobil by 49.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 63,622 shares of the oil and gas company’s stock valued at $3,552,000 after purchasing an additional 21,138 shares during the last quarter. Gradient Investments LLC increased its position in shares of Exxon Mobil by 0.8% during the 2nd quarter. Gradient Investments LLC now owns 315,511 shares of the oil and gas company’s stock valued at $19,902,000 after purchasing an additional 2,364 shares during the last quarter. Waddell & Reed Financial Inc. increased its position in shares of Exxon Mobil by 33.9% during the 1st quarter. Waddell & Reed Financial Inc. now owns 240,859 shares of the oil and gas company’s stock valued at $13,447,000 after purchasing an additional 60,923 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Exxon Mobil by 66.5% during the 1st quarter. Neuberger Berman Group LLC now owns 2,341,877 shares of the oil and gas company’s stock valued at $130,166,000 after purchasing an additional 935,689 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Exxon Mobil by 51.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 337,299 shares of the oil and gas company’s stock valued at $21,276,000 after purchasing an additional 114,010 shares during the last quarter. Institutional investors and hedge funds own 51.73% of the company’s stock.
NYSE:XOM traded down $1.32 during mid-day trading on Monday, reaching $53.84. The stock had a trading volume of 597,425 shares, compared to its average volume of 25,095,088. The firm has a 50 day moving average price of $56.35 and a two-hundred day moving average price of $58.42. The stock has a market capitalization of $227.94 billion, a P/E ratio of -17.74, a P/E/G ratio of 0.69 and a beta of 1.44. Exxon Mobil Co. has a one year low of $31.11 and a one year high of $64.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 0.85.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were given a $0.87 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.48 annualized dividend and a yield of 6.46%. Exxon Mobil’s payout ratio is currently -1,054.55%.
Several equities research analysts recently weighed in on XOM shares. BMO Capital Markets started coverage on Exxon Mobil in a report on Monday, July 12th. They issued a “market perform” rating and a $69.00 price objective for the company. JPMorgan Chase & Co. set a $76.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a report on Tuesday, June 29th. Tudor Pickering reissued a “buy” rating and issued a C$48.00 price objective on shares of Exxon Mobil in a report on Friday, June 4th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $67.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, June 30th. Finally, Credit Suisse Group reduced their target price on Exxon Mobil from $73.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, August 2nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $60.35.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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