Vanguard Group Inc. Has $48.42 Billion Stock Holdings in Exxon Mobil Corporation $XOM

Vanguard Group Inc. decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 429,473,528 shares of the oil and gas company’s stock after selling 1,585,347 shares during the quarter. Exxon Mobil makes up about 0.7% of Vanguard Group Inc.’s holdings, making the stock its 14th biggest position. Vanguard Group Inc. owned approximately 10.07% of Exxon Mobil worth $48,423,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Capital Management LLC raised its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new position in Exxon Mobil during the first quarter valued at approximately $305,000. Sivia Capital Partners LLC raised its position in shares of Exxon Mobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after purchasing an additional 207 shares during the period. Castellan Group boosted its holdings in shares of Exxon Mobil by 2.9% during the 2nd quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock worth $2,853,000 after buying an additional 740 shares during the period. Finally, Patten & Patten Inc. TN grew its stake in Exxon Mobil by 1.5% in the 2nd quarter. Patten & Patten Inc. TN now owns 136,310 shares of the oil and gas company’s stock valued at $14,694,000 after buying an additional 1,992 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $148.47 on Monday. The firm has a market cap of $626.12 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 15.40 and a beta of 0.39. The firm’s 50-day simple moving average is $129.26 and its 200-day simple moving average is $118.82. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $82.31 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Analyst Ratings Changes

XOM has been the subject of a number of recent analyst reports. Loop Capital set a $123.00 price target on shares of Exxon Mobil in a report on Tuesday, February 3rd. Jefferies Financial Group upped their price target on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. UBS Group restated a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $155.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average price target of $140.59.

Insider Activity

In related news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 14,230 shares of company stock valued at $1,888,421 in the last three months. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil 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.