Stevens Capital Management LP Makes New Investment in Exxon Mobil Corporation $XOM

Stevens Capital Management LP bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,363 shares of the oil and gas company’s stock, valued at approximately $4,782,000. Exxon Mobil makes up 1.3% of Stevens Capital Management LP’s holdings, making the stock its 19th largest position.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Exxon Mobil by 0.3% during 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 purchasing an additional 1,111,231 shares during the period. Geode Capital Management LLC boosted its holdings in Exxon Mobil by 0.4% during 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 buying an additional 342,967 shares in the last quarter. Bank of New York Mellon Corp grew its position in 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 worth $5,023,298,000 after buying an additional 1,274,860 shares during the period. Charles Schwab Investment Management Inc. grew its position in Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock worth $3,850,167,000 after buying an additional 512,860 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $117.08 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The company has a market capitalization of $493.75 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.06 and a beta of 0.49. The stock has a fifty day moving average of $114.69 and a two-hundred day moving average of $111.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

Analyst Ratings Changes

Several equities research analysts have recently commented on XOM shares. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Morgan Stanley lifted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Mizuho decreased their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a report on Wednesday. Finally, UBS Group raised their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

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.