GQG Partners LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

GQG Partners LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,257,761 shares of the oil and gas company’s stock, valued at approximately $899,097,000. Exxon Mobil comprises approximately 2.6% of GQG Partners LLC’s holdings, making the stock its 18th biggest position. GQG Partners LLC owned 0.34% of Exxon Mobil at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Securities Co. Ltd. boosted its holdings in Exxon Mobil by 243.6% during the first quarter. Mizuho Securities Co. Ltd. now owns 756 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 536 shares during the last quarter. tru Independence LLC purchased a new position in Exxon Mobil during the second quarter worth about $43,000. Baldrige Asset Management LLC purchased a new position in Exxon Mobil during the second quarter worth about $50,000. USA Financial Portformulas Corp purchased a new position in Exxon Mobil during the second quarter worth about $57,000. Finally, Danda Trouve Investment Management Inc. boosted its holdings in Exxon Mobil by 104.5% during the second quarter. Danda Trouve Investment Management Inc. now owns 1,184 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 51.73% of the company’s stock.

NYSE:XOM traded up $0.37 during midday trading on Thursday, reaching $61.44. 374,096 shares of the stock traded hands, compared to its average volume of 25,242,449. The company has a fifty day moving average of $56.79 and a 200 day moving average of $58.49. Exxon Mobil Co. has a 12 month low of $31.11 and a 12 month high of $64.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a market capitalization of $260.11 billion, a P/E ratio of -19.80, a PEG ratio of 0.69 and a beta of 1.44.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Thursday, July 29th. The oil and gas company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.08. Exxon Mobil had a negative net margin of 6.07% and a positive return on equity of 3.98%. The company had revenue of $67.74 billion during the quarter, compared to analyst estimates of $63.96 billion. During the same period in the prior year, the business posted ($0.70) EPS. The firm’s revenue was up 107.8% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 4.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.66%. Exxon Mobil’s dividend payout ratio is currently -1,054.55%.

Several research analysts recently weighed in on XOM shares. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price target on the stock. in a report on Monday. Truist lifted their price objective on shares of Exxon Mobil from $64.00 to $66.00 and gave the stock a “hold” rating in a research report on Thursday, October 7th. Credit Suisse Group set a $73.00 price objective on shares of Exxon Mobil in a research report on Wednesday, October 6th. JPMorgan Chase & Co. set a $76.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Tuesday, June 29th. Finally, Piper Sandler boosted their price target on shares of Exxon Mobil from $63.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, July 23rd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $62.43.

Exxon Mobil Company Profile

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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