Standard Life Aberdeen plc cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 7,657,808 shares of the oil and gas company’s stock after selling 200,319 shares during the quarter. Exxon Mobil comprises approximately 1.2% of Standard Life Aberdeen plc’s holdings, making the stock its 12th biggest position. Standard Life Aberdeen plc’s holdings in Exxon Mobil were worth $651,104,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rehmann Capital Advisory Group increased its position in shares of Exxon Mobil by 8,766.5% during the third quarter. Rehmann Capital Advisory Group now owns 3,264,121 shares of the oil and gas company’s stock valued at $3,009,820,000 after buying an additional 3,227,307 shares during the period. Towercrest Capital Management bought a new stake in shares of Exxon Mobil during the third quarter valued at about $250,000. Csenge Advisory Group increased its position in shares of Exxon Mobil by 16.3% during the third quarter. Csenge Advisory Group now owns 9,272 shares of the oil and gas company’s stock valued at $717,000 after buying an additional 1,302 shares during the period. B. Riley Wealth Management Inc. bought a new stake in shares of Exxon Mobil during the third quarter valued at about $1,312,000. Finally, Nordea Investment Management AB increased its position in shares of Exxon Mobil by 4.3% during the third quarter. Nordea Investment Management AB now owns 3,820,844 shares of the oil and gas company’s stock valued at $324,852,000 after buying an additional 158,924 shares during the period. 53.62% of the stock is currently owned by institutional investors and hedge funds.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total transaction of $1,092,600.00. Following the transaction, the vice president now directly owns 223,461 shares in the company, valued at $16,276,899.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.
XOM stock opened at $80.15 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.51 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $339.63 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.19 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. Exxon Mobil’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 4.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Friday, February 8th. Exxon Mobil’s payout ratio is currently 66.53%.
Several equities research analysts have recently weighed in on XOM shares. JPMorgan Chase & Co. set a $87.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, February 1st. Wolfe Research upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. HSBC reiterated a “buy” rating and set a $85.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 13th. Raymond James cut Exxon Mobil from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 20th. Finally, Credit Suisse Group set a $79.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, December 31st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $84.52.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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