Exxon Mobil Corporation $XOM Shares Purchased by Ruffer LLP

Key Points

• Ruffer LLP increased its stake in Exxon Mobil by 12.5%, acquiring an additional 30,787 shares, making it the firm's 19th largest holding, worth approximately $29.83 million.
• Exxon Mobil reported $1.64 earnings per share for its last quarter, exceeding analysts' expectations and generating a revenue of $81.51 billion, despite a 12.4% year-over-year decrease.
• The company announced a quarterly dividend of $0.99 per share, reflecting an annualized dividend yield of 3.4% and a payout ratio of 56.25%.

Ruffer LLP boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 276,717 shares of the oil and gas company's stock after acquiring an additional 30,787 shares during the period. Exxon Mobil accounts for about 1.3% of Ruffer LLP's portfolio, making the stock its 19th largest holding. Ruffer LLP's holdings in Exxon Mobil were worth $29,829,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Axis Wealth Partners LLC lifted its holdings in Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after acquiring an additional 90 shares during the last quarter. Park Edge Advisors LLC raised its position in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after purchasing an additional 91 shares during the period. Chapin Davis Inc. raised its position in Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after purchasing an additional 93 shares during the period. Gagnon Securities LLC raised its position in Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after purchasing an additional 95 shares during the period. Finally, Ascent Capital Management LLC raised its position in Exxon Mobil by 2.0% in the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after purchasing an additional 96 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.3%

Exxon Mobil stock opened at $117.15 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock's fifty day simple moving average is $110.83 and its 200-day simple moving average is $109.52. 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 firm has a market capitalization of $499.44 billion, a P/E ratio of 16.64, a P/E/G ratio of 2.11 and a beta of 0.57.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. Exxon Mobil's dividend payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. UBS Group boosted their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Mizuho cut their target price on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Finally, Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $125.00.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Company 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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