BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 159,098 Shares of Exxon Mobil Corporation $XOM

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 18.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 681,438 shares of the oil and gas company’s stock after selling 159,098 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Exxon Mobil were worth $73,459,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Exxon Mobil by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after acquiring an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC lifted its stake in Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock worth $10,345,132,000 after purchasing an additional 342,967 shares during the last quarter. Norges Bank purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $6,163,719,000. Bank of New York Mellon Corp grew its stake in shares of Exxon Mobil by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after buying an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after buying an additional 1,126,912 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research note on Monday, December 8th. Citigroup increased their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley raised their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.24.

Exxon Mobil Price Performance

XOM opened at $118.77 on Friday. The company has a market capitalization of $500.88 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.50 and a beta of 0.38. The company has a current ratio of 1.14, a quick ratio of 0.79 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 $120.81. The business’s fifty day simple moving average is $115.60 and its 200-day simple moving average is $112.16.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion for the quarter. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

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.