S&CO Inc. Takes $71.92 Million Position in ExxonMobil Corporation $XOM

Key Points

• S&CO Inc. acquired 526,003 ExxonMobil shares worth approximately $71.92 million, making XOM its fourth-largest holding at about 4.2% of the portfolio. Institutional investors collectively own 61.8% of ExxonMobil.
• Analyst sentiment is mixed: ten analysts rate ExxonMobil a Buy and thirteen a Hold, producing an overall “Hold” rating and a consensus price target of $163.29.
• ExxonMobil reported quarterly revenue of $114.53 billion, above expectations, but earnings of $3.52 per share slightly missed estimates. The company declared a quarterly dividend of $1.03, equivalent to a 2.6% annual yield.

S&CO Inc. acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 526,003 shares of the oil and gas company's stock, valued at approximately $71,915,000. ExxonMobil makes up about 4.2% of S&CO Inc.'s holdings, making the stock its 4th largest holding.

Other hedge funds also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC bought a new position in ExxonMobil during the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. increased 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 during the period. Aventus Investment Advisors Inc. purchased a new position in ExxonMobil in the 2nd quarter worth approximately $27,000. Finally, Key Capital Management INC bought a new stake in ExxonMobil in the fourth quarter valued at approximately $28,000. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XOM shares. Scotiabank increased their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 22nd. UBS Group set a $168.00 price target on shares of ExxonMobil in a report on Friday, August 7th. DZ Bank cut shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. Sanford C. Bernstein cut their price target on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a report on Monday, May 11th. Finally, TD Cowen boosted their price objective on shares of ExxonMobil from $155.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $163.29.

ExxonMobil Stock Up 0.9%

Shares of NYSE:XOM opened at $160.08 on Friday. The stock has a fifty day simple moving average of $147.00 and a two-hundred day simple moving average of $150.45. The stock has a market capitalization of $663.52 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.63 and a beta of 0.17. ExxonMobil Corporation has a 12-month low of $105.67 and a 12-month high of $176.41. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. During the same period in the prior year, the company posted $1.64 earnings per share. On average, research analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.03 dividend. The ex-dividend date is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil's payout ratio is presently 53.02%.

About ExxonMobil

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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