BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $99.97 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in Exxon Mobil by 1.2%, now owning 840,536 shares, valued at approximately $99.97 million.
• Exxon Mobil's latest quarterly earnings report showed an EPS of $1.64, surpassing expectations, although revenue decreased by 12.4% year-over-year.
• The company recently declared a quarterly dividend of $0.99 per share, with a dividend yield of 3.6% and an annualized payout of $3.96.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 840,536 shares of the oil and gas company's stock after selling 10,232 shares during the period. Exxon Mobil accounts for approximately 0.6% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings, making the stock its 28th largest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Exxon Mobil were worth $99,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Northern Trust Corp grew its holdings in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock worth $3,850,167,000 after purchasing an additional 512,860 shares during the period. Ameriprise Financial Inc. grew its holdings in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock worth $3,028,968,000 after purchasing an additional 909,386 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 1.7%

NYSE XOM opened at $111.1220 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market cap of $473.74 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.05 and a beta of 0.53. The company has a 50 day moving average of $110.24 and a 200-day moving average of $108.89. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating 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 firm's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.14 earnings per share. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Melius started coverage on Exxon Mobil in a report on Wednesday. They set a "hold" rating and a $111.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Hold" and an average price target of $125.00.

Exxon Mobil Profile

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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