NS Partners Ltd Sells 246 Shares of Exxon Mobil Corporation (NYSE:XOM)
NS Partners Ltd cut its position in Exxon Mobil Corporation (NYSE:XOM) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 117,248 shares of the oil and gas company’s stock after selling 246 shares during the period. Exxon Mobil Corporation comprises approximately 1.4% of NS Partners Ltd’s portfolio, making the stock its 25th largest position. NS Partners Ltd’s holdings in Exxon Mobil Corporation were worth $9,616,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Exxon Mobil Corporation during the fourth quarter worth approximately $3,306,084,000. Schwab Charles Investment Management Inc. boosted its stake in Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after buying an additional 51,810 shares in the last quarter. Teachers Advisors LLC boosted its stake in Exxon Mobil Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock worth $655,276,000 after buying an additional 471,230 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Exxon Mobil Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 4,703,805 shares of the oil and gas company’s stock worth $385,759,000 after buying an additional 47,545 shares in the last quarter. 50.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.96% during mid-day trading on Friday, reaching $78.21. The company had a trading volume of 10,192,375 shares. The company has a market capitalization of $331.38 billion, a price-to-earnings ratio of 28.19 and a beta of 0.81. The stock has a 50 day moving average of $80.50 and a 200-day moving average of $81.75. Exxon Mobil Corporation has a 52 week low of $78.20 and a 52 week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. On average, analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.94%. Exxon Mobil Corporation’s payout ratio is 111.19%.
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XOM has been the topic of a number of recent research reports. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 target price on the stock in a research note on Monday, June 5th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Morgan Stanley set a $81.00 price objective on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, July 11th. UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, April 25th. Finally, Argus reaffirmed a “focus list” rating and set a $104.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $84.98.
In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation Company 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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