ExxonMobil Corporation $XOM is Clarus Group Inc.’s 7th Largest Position

Clarus Group Inc. lowered its holdings in ExxonMobil Corporation (NYSE:XOM) by 6.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 83,713 shares of the oil and gas company’s stock after selling 6,048 shares during the quarter. ExxonMobil comprises approximately 3.9% of Clarus Group Inc.’s portfolio, making the stock its 7th largest holding. Clarus Group Inc.’s holdings in ExxonMobil were worth $11,445,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in ExxonMobil during the 4th quarter worth $7,625,063,000. Quantum Portfolio Management LLC purchased a new position in ExxonMobil in the first quarter valued at about $965,932,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ExxonMobil during the first quarter worth about $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ExxonMobil by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after purchasing an additional 2,465,410 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of ExxonMobil by 334.4% in the fourth quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock worth $368,541,000 after buying an additional 2,357,467 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 0.9%

NYSE:XOM opened at $160.08 on Friday. The stock has a market cap of $663.52 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. ExxonMobil Corporation has a one year low of $105.67 and a one year high of $176.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The business’s 50-day simple moving average is $147.00 and its 200 day simple moving average is $150.45.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the business earned $1.64 EPS. As a group, sell-side analysts predict 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. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Mizuho dropped their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Scotiabank increased their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. HSBC set a $158.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Finally, Morgan Stanley reduced their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Hold” and an average target price of $163.29.

ExxonMobil Profile

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.