Alyeska Investment Group L.P. acquired a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,008 shares of the oil and gas company's stock, valued at approximately $1,505,000.
Other institutional investors have also added to or reduced their stakes in the company. Aventus Investment Advisors Inc. acquired a new stake in ExxonMobil in the 2nd quarter valued at $27,000. Portus Wealth Advisors LLC bought a new stake in ExxonMobil during the 1st quarter worth approximately $36,000. Berbice Capital Management LLC bought a new stake in ExxonMobil during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in shares of ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 202 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
ExxonMobil Stock Performance
Shares of XOM stock opened at $164.55 on Wednesday. The stock has a market capitalization of $682.05 billion, a P/E ratio of 21.18, a PEG ratio of 0.99 and a beta of 0.17. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average is $151.47 and its 200 day moving average is $152.01. ExxonMobil Corporation has a 12 month low of $108.35 and a 12 month high of $176.41.
ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.
ExxonMobil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is 53.02%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on XOM. DZ Bank cut ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price on the stock. in a research report on Tuesday, August 4th. Sanford C. Bernstein reduced their target price on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a report on Monday, May 11th. Zacks Research downgraded ExxonMobil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. HSBC set a $158.00 price target on ExxonMobil in a report on Monday, August 3rd. Finally, Citigroup reissued a "neutral" rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $166.10.
Read Our Latest Stock Report on XOM
Trending Headlines about ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Potential return to Venezuela: President Donald Trump said ExxonMobil is among the companies preparing to enter Venezuela, potentially giving XOM access to large oil reserves and a long-term production opportunity after its exit from the country in 2007. The company reportedly sent a technical team to evaluate opportunities earlier this year. Trump says Exxon is going in Venezuela
- Positive Sentiment: Higher oil prices are supporting the sector: Renewed conflict involving Iran and ongoing shipping constraints around the Strait of Hormuz pushed crude prices higher, improving the near-term earnings outlook for integrated producers such as ExxonMobil. Energy stocks and related ETFs advanced alongside the commodity rally. Oil prices rise amid Iran conflict
- Positive Sentiment: Possible chemicals expansion: ExxonMobil is reportedly among bidders for Shell’s U.S. chemicals assets, potentially for about $8 billion. Acquiring the plants could deepen XOM’s chemicals presence, although the purchase price and returns remain uncertain. ExxonMobil bid for Shell chemicals assets
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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