Toronto Dominion Bank increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 18.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,780,678 shares of the oil and gas company’s stock after buying an additional 429,882 shares during the period. Exxon Mobil comprises about 0.5% of Toronto Dominion Bank’s holdings, making the stock its 28th biggest position. Toronto Dominion Bank owned about 0.07% of Exxon Mobil worth $230,001,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. HC Financial Advisors Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $1,137,000. Flippin Bruce & Porter Inc. lifted its position in Exxon Mobil by 72.1% during the 1st quarter. Flippin Bruce & Porter Inc. now owns 117,840 shares of the oil and gas company’s stock worth $8,792,000 after acquiring an additional 49,378 shares during the period. Timber Hill LLC lifted its position in Exxon Mobil by 0.9% during the 1st quarter. Timber Hill LLC now owns 119,279 shares of the oil and gas company’s stock worth $8,899,000 after acquiring an additional 1,016 shares during the period. Teacher Retirement System of Texas lifted its position in Exxon Mobil by 1.6% during the 1st quarter. Teacher Retirement System of Texas now owns 1,745,685 shares of the oil and gas company’s stock worth $130,246,000 after acquiring an additional 28,284 shares during the period. Finally, Payden & Rygel lifted its position in Exxon Mobil by 82.0% during the 1st quarter. Payden & Rygel now owns 231,736 shares of the oil and gas company’s stock worth $17,290,000 after acquiring an additional 104,380 shares during the period. Institutional investors and hedge funds own 52.39% of the company’s stock.
A number of analysts have weighed in on XOM shares. Societe Generale set a $92.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, July 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $105.00 price objective on shares of Exxon Mobil in a research report on Wednesday, August 8th. Morningstar set a $90.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, September 5th. HSBC reaffirmed a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 12th. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Monday, October 1st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.00.
XOM opened at $77.56 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $328.66 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. Exxon Mobil Co. has a 12 month low of $72.15 and a 12 month high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.21 by $0.25. The business had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 4.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.23%. Exxon Mobil’s dividend payout ratio is presently 91.36%.
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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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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