Sprott Inc. Reduces Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Sprott Inc. has reduced its stock holdings in Exxon Mobil Corporation by 7.5%, owning 234,950 shares valued at approximately $27.9 million.
• Recent analyst ratings for Exxon Mobil include a majority >strong>Hold rating, with an average price target of $125.00 and one Strong Buy rating among several firms.
• Exxon Mobil is set to pay a quarterly dividend of $0.99 per share, offering a yield of 3.6%, with the ex-dividend date on August 15.

Sprott Inc. lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 234,950 shares of the oil and gas company's stock after selling 18,998 shares during the quarter. Exxon Mobil makes up approximately 1.5% of Sprott Inc.'s holdings, making the stock its 19th biggest position. Sprott Inc.'s holdings in Exxon Mobil were worth $27,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the 1st quarter worth $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the 1st quarter worth $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Melius began coverage on shares of Exxon Mobil in a research note on Wednesday. They issued a "hold" rating and a $111.00 price objective for the company. Finally, TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $125.00.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $108.9850 on Friday. The firm has a market cap of $464.63 billion, a PE ratio of 15.48, a PEG ratio of 2.03 and a beta of 0.53. The stock has a 50 day moving average of $110.26 and a 200 day moving average of $108.88. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for 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 company's revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 EPS. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Exxon Mobil 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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