Ninety One UK Ltd Has $252.75 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Ninety One UK Ltd trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 29.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,125,187 shares of the oil and gas company's stock after selling 865,944 shares during the period. Ninety One UK Ltd's holdings in Exxon Mobil were worth $252,748,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of XOM. China Universal Asset Management Co. Ltd. raised its holdings in Exxon Mobil by 11.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 24,428 shares of the oil and gas company's stock worth $2,905,000 after buying an additional 2,431 shares during the period. Alpha Cubed Investments LLC raised its holdings in Exxon Mobil by 32.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 53,655 shares of the oil and gas company's stock worth $6,381,000 after buying an additional 13,015 shares during the period. Horst & Graben Wealth Management LLC raised its holdings in Exxon Mobil by 6.3% during the 1st quarter. Horst & Graben Wealth Management LLC now owns 4,030 shares of the oil and gas company's stock worth $479,000 after buying an additional 240 shares during the period. Gibraltar Capital Management Inc. raised its holdings in Exxon Mobil by 0.5% during the 1st quarter. Gibraltar Capital Management Inc. now owns 64,920 shares of the oil and gas company's stock worth $7,721,000 after buying an additional 309 shares during the period. Finally, Planning Directions Inc. raised its holdings in Exxon Mobil by 3.1% during the 1st quarter. Planning Directions Inc. now owns 4,492 shares of the oil and gas company's stock worth $534,000 after buying an additional 136 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $0.71 during mid-day trading on Friday, hitting $115.64. 5,014,655 shares of the company's stock traded hands, compared to its average volume of 15,761,721. The firm has a 50 day simple moving average of $107.83 and a two-hundred day simple moving average of $108.72. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market cap of $498.38 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 2.19 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the firm earned $2.06 earnings per share. The company's revenue was up .1% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Scotiabank raised their price target on shares of Exxon Mobil from $115.00 to $125.00 and gave the stock a "sector outperform" rating in a research note on Friday. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.05.

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.