2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company grew its stake in shares of Exxon Mobil Co. ( NYSE:XOM – Free Report ) by 18.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 3,792,336 shares of the oil and gas company’s stock after acquiring an additional 593,729 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.10% of Exxon Mobil worth $436,574,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marathon Capital Management raised its holdings in shares of Exxon Mobil by 4.2% in the second quarter.
Marathon Capital Management now owns 10,007 shares of the oil and gas company’s stock worth $1,152,000 after buying an additional 400 shares during the last quarter. MBB Public Markets I LLC increased its position in shares of Exxon Mobil by 2,165.3% in the 2nd quarter.
MBB Public Markets I LLC now owns 318,744 shares of the oil and gas company’s stock valued at $36,694,000 after acquiring an additional 304,673 shares during the period. Daymark Wealth Partners LLC raised its stake in Exxon Mobil by 6.4% in the 2nd quarter.
Daymark Wealth Partners LLC now owns 240,052 shares of the oil and gas company’s stock worth $27,635,000 after acquiring an additional 14,464 shares during the last quarter. Delta Investment Management LLC lifted its position in Exxon Mobil by 2.6% during the 2nd quarter.
Delta Investment Management LLC now owns 14,757 shares of the oil and gas company’s stock worth $1,699,000 after acquiring an additional 367 shares during the period. Finally, Disciplined Equity Management Inc. grew its stake in Exxon Mobil by 130.
5% during the 2nd quarter. Disciplined Equity Management Inc. now owns 2,379 shares of the oil and gas company’s stock valued at $274,000 after purchasing an additional 1,347 shares during the last quarter.
61.80% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several research analysts have recently issued reports on the company.
Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Truist Financial reduced their price target on shares of Exxon Mobil from $124.00 to $121.
00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th.
Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.
00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Barclays lowered their price target on shares of Exxon Mobil from $147.00 to $142.
00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.
82. Exxon Mobil Stock Down 1.7 % Exxon Mobil stock opened at $112.
80 on Friday. Exxon Mobil Co. has a 12 month low of $95.
77 and a 12 month high of $123.75. The stock has a market capitalization of $444.
77 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 4.86 and a beta of 0.
90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.
36 and a quick ratio of 1.01. The business has a 50 day simple moving average of $115.
77 and a 200-day simple moving average of $115.57. Exxon Mobil ( NYSE:XOM – Get Free Report ) last posted its quarterly earnings data on Friday, August 2nd.
The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.
10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.
07%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.
09 billion. During the same period in the prior year, the business posted $1.94 earnings per share.
The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co.
will post 8.06 EPS for the current fiscal year. Exxon Mobil Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th.
Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.
80 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, August 15th.
Exxon Mobil’s payout ratio is 46.57%. Exxon Mobil Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Exxon Mobil Co. ( NYSE:XOM – Free Report ). Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.
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