Stephens Inc. AR increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 585,557 shares of the oil and gas company’s stock after acquiring an additional 4,425 shares during the quarter. Stephens Inc. AR’s holdings in Exxon Mobil were worth $36,937,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Mizuho Securities Co. Ltd. grew its holdings in shares of Exxon Mobil by 243.6% during the first quarter. Mizuho Securities Co. Ltd. now owns 756 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 536 shares during the last quarter. tru Independence LLC bought a new position in Exxon Mobil during the 2nd quarter valued at $43,000. Baldrige Asset Management LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at $50,000. USA Financial Portformulas Corp acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at $57,000. Finally, Summit Wealth Group LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at $73,000. Institutional investors and hedge funds own 51.73% of the company’s stock.
A number of equities research analysts have recently commented on the company. Royal Bank of Canada reiterated a “sell” rating and set a $60.00 price objective on shares of Exxon Mobil in a research report on Wednesday, June 2nd. HSBC reduced their target price on Exxon Mobil from $65.00 to $57.00 and set a “hold” rating for the company in a report on Thursday, July 22nd. BMO Capital Markets initiated coverage on Exxon Mobil in a report on Monday, July 12th. They issued a “market perform” rating and a $69.00 target price for the company. Credit Suisse Group lowered their target price on shares of Exxon Mobil from $73.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, August 2nd. Finally, DZ Bank downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and lowered their target price for the stock from $67.00 to $62.50 in a research report on Tuesday, August 3rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.94.
Exxon Mobil (NYSE:XOM) last released its earnings results on Thursday, July 29th. The oil and gas company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.08. Exxon Mobil had a negative net margin of 6.07% and a positive return on equity of 3.98%. The firm had revenue of $67.74 billion during the quarter, compared to analyst estimates of $63.96 billion. During the same quarter in the previous year, the business earned ($0.70) EPS. The business’s quarterly revenue was up 107.8% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 4.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 13th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Thursday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is -1,054.55%.
Exxon Mobil Company Profile
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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