Ruffer LLP Has $29.25 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Ruffer LLP has reduced its stake in Exxon Mobil by 15.1%, now holding 245,930 shares, which account for about 1.1% of its investment portfolio.
• Exxon Mobil recently reported $1.64 earnings per share (EPS) for the quarter, exceeding analyst estimates of $1.47, despite a 12.4% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.99 per share, translating to an annualized dividend yield of 3.6%.

Ruffer LLP reduced its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,930 shares of the oil and gas company's stock after selling 43,602 shares during the quarter. Exxon Mobil accounts for 1.1% of Ruffer LLP's portfolio, making the stock its 22nd largest position. Ruffer LLP's holdings in Exxon Mobil were worth $29,249,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new position in Exxon Mobil during the 4th quarter valued at $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the 1st quarter valued at $29,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at $32,000. Cloud Capital Management LLC bought a new position in Exxon Mobil during the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. boosted its stake in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.26.

Exxon Mobil Stock Down 0.2%

NYSE XOM traded down $0.22 during trading on Tuesday, hitting $107.15. 21,311,773 shares of the company traded hands, compared to its average volume of 15,124,150. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The business has a fifty day simple moving average of $109.64 and a 200 day simple moving average of $109.07. 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 capitalization of $461.78 billion, a P/E ratio of 15.22, a PEG ratio of 2.01 and a beta of 0.53.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

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.