Charles Schwab Trust Co grew its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 392.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,223 shares of the oil and gas company's stock after purchasing an additional 97,424 shares during the quarter. ExxonMobil makes up approximately 0.9% of Charles Schwab Trust Co's investment portfolio, making the stock its 26th largest holding. Charles Schwab Trust Co's holdings in ExxonMobil were worth $16,710,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Portus Wealth Advisors LLC acquired a new stake in ExxonMobil during the 1st quarter worth approximately $36,000. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $26,000. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil in the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in ExxonMobil by 456.1% in the 4th 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 in the last quarter. Finally, Atlantic Private Wealth LLC boosted its holdings in ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 202 shares during the period. Institutional investors own 61.80% of the company's stock.
ExxonMobil Price Performance
Shares of XOM stock opened at $159.46 on Tuesday. The business has a fifty day simple moving average of $146.33 and a 200 day simple moving average of $149.85. The company has a market cap of $660.95 billion, a P/E ratio of 20.52, a P/E/G ratio of 0.58 and a beta of 0.17. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41.
ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the prior year, the firm earned $1.64 EPS. On average, sell-side analysts forecast that ExxonMobil Corporation will post 12.34 EPS for the current fiscal year.
ExxonMobil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil's dividend payout ratio is currently 53.02%.
Analysts Set New Price Targets
Several brokerages have recently commented on XOM. Mizuho lowered their target price on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $182.00 price objective on shares of ExxonMobil in a report on Monday, August 3rd. HSBC set a $158.00 target price on ExxonMobil in a report on Monday, August 3rd. Scotiabank upped their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, April 22nd. Finally, Zacks Research downgraded shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $163.29.
Read Our Latest Report on XOM
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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