BI Asset Management Fondsmaeglerselskab A S Trims Stake in Exxon Mobil Corporation $XOM

Key Points

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BI Asset Management Fondsmaeglerselskab A S lowered its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 49.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,241 shares of the oil and gas company's stock after selling 151,598 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Exxon Mobil were worth $18,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Axis Wealth Partners LLC raised its position in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the period. Gagnon Securities LLC raised its holdings in shares of Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after buying an additional 95 shares during the period. WPWealth LLP raised its holdings in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after buying an additional 96 shares during the period. Ascent Capital Management LLC raised its holdings in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after buying an additional 96 shares during the period. Finally, DDD Partners LLC raised its holdings in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and an average target price of $125.84.

Exxon Mobil Trading Up 0.2%

NYSE:XOM opened at $106.70 on Tuesday. The stock has a 50-day simple moving average of $110.29 and a 200-day simple moving average of $108.88. The stock has a market cap of $454.89 billion, a P/E ratio of 15.16, a P/E/G ratio of 2.00 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The business's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 EPS. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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