Exxon Mobil Corporation (XOM) Shares Bought by QV Investors Inc.
QV Investors Inc. raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,851 shares of the oil and gas company’s stock after buying an additional 5,300 shares during the period. Exxon Mobil makes up approximately 1.8% of QV Investors Inc.’s holdings, making the stock its 21st largest holding. QV Investors Inc.’s holdings in Exxon Mobil were worth $22,269,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of XOM. Riggs Asset Managment Co. Inc. grew its position in shares of Exxon Mobil by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 292 shares during the last quarter. Horan Securities Inc. grew its position in shares of Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares during the last quarter. Watermark Asset Management Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Exxon Mobil by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 220 shares during the last quarter. Finally, David R. Rahn & Associates Inc. acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $207,000. 50.76% of the stock is owned by institutional investors.
In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) traded up $0.32 during mid-day trading on Friday, hitting $81.42. 3,850,000 shares of the stock were exchanged, compared to its average volume of 8,657,551. Exxon Mobil Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $93.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a market cap of $344,985.16, a P/E ratio of 22.87, a PEG ratio of 1.71 and a beta of 0.84.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter last year, the firm posted $0.63 EPS. equities analysts forecast that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.
Several analysts have recently commented on XOM shares. Cowen Inc reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 19th. Royal Bank Of Canada decreased their target price on shares of Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 16th. BNP Paribas set a $75.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Vetr lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research report on Thursday, September 28th. Finally, Goldman Sachs Group Inc set a $86.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, October 30th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.78.
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Exxon Mobil Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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