Exxon Mobil Co. (NYSE:XOM) Shares Sold by Redpoint Investment Management Pty Ltd
Redpoint Investment Management Pty Ltd lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 272,966 shares of the oil and gas company’s stock after selling 18,179 shares during the quarter. Exxon Mobil makes up 1.1% of Redpoint Investment Management Pty Ltd’s holdings, making the stock its 10th biggest position. Redpoint Investment Management Pty Ltd’s holdings in Exxon Mobil were worth $20,917,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. FMR LLC boosted its holdings in shares of Exxon Mobil by 6.8% in the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after buying an additional 3,038,704 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Exxon Mobil by 7,471.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after buying an additional 1,748,402 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in shares of Exxon Mobil by 224.9% in the 4th quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after buying an additional 809,199 shares during the last quarter. Inlet Private Wealth LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $48,697,000. Finally, Royal London Asset Management Ltd. raised its stake in Exxon Mobil by 31.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock valued at $165,903,000 after acquiring an additional 587,387 shares during the period. 54.48% of the stock is owned by institutional investors.
XOM stock traded up $0.72 during trading hours on Thursday, hitting $68.40. 178,781 shares of the stock were exchanged, compared to its average volume of 13,009,346. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $287.08 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.98 and a beta of 0.97. The company has a 50-day simple moving average of $72.28 and a two-hundred day simple moving average of $76.48. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.09%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.
A number of research firms recently weighed in on XOM. HSBC restated a “neutral” rating and issued a $86.50 price target on shares of Exxon Mobil in a research note on Thursday, May 23rd. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research note on Friday, August 2nd. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and dropped their price target for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Morgan Stanley dropped their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $81.50.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by company insiders.
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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