Westpac Banking Corp lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 28.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,410 shares of the oil and gas company's stock after selling 4,578 shares during the quarter. Westpac Banking Corp's holdings in Exxon Mobil were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of XOM. XTX Topco Ltd acquired a new stake in Exxon Mobil in the 4th quarter valued at $552,000. AGP Franklin LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $2,551,000. M Holdings Securities Inc. boosted its stake in Exxon Mobil by 2.5% in the 4th quarter. M Holdings Securities Inc. now owns 25,952 shares of the oil and gas company's stock valued at $2,792,000 after buying an additional 641 shares in the last quarter. Rench Wealth Management Inc. boosted its stake in Exxon Mobil by 1.9% in the 4th quarter. Rench Wealth Management Inc. now owns 48,925 shares of the oil and gas company's stock valued at $5,263,000 after buying an additional 932 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in Exxon Mobil by 0.8% in the 4th quarter. Gabelli Funds LLC now owns 634,590 shares of the oil and gas company's stock valued at $68,263,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on XOM. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $125.26.
View Our Latest Report on Exxon Mobil
Exxon Mobil Trading Down 0.1%
NYSE XOM traded down $0.12 on Thursday, reaching $107.48. The company had a trading volume of 13,677,095 shares, compared to its average volume of 16,107,798. The stock's 50 day moving average is $110.21 and its 200-day moving average is $108.89. The stock has a market cap of $458.23 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.02 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.
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 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate 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 was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.14 earnings per share. Equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.
About Exxon Mobil
(
Free Report)
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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