FTB Advisors Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 36.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,530 shares of the oil and gas company’s stock after purchasing an additional 17,884 shares during the period. FTB Advisors Inc.’s holdings in Exxon Mobil were worth $5,502,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in XOM. Kornitzer Capital Management Inc. KS grew its stake in shares of Exxon Mobil by 2.4% in the second quarter. Kornitzer Capital Management Inc. KS now owns 719,002 shares of the oil and gas company’s stock valued at $59,483,000 after acquiring an additional 16,794 shares in the last quarter. Barings LLC grew its stake in Exxon Mobil by 18.8% during the second quarter. Barings LLC now owns 196,145 shares of the oil and gas company’s stock worth $16,227,000 after buying an additional 31,109 shares in the last quarter. Koch Industries Inc. grew its stake in Exxon Mobil by 343.1% during the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock worth $932,000 after buying an additional 9,676 shares in the last quarter. First Command Bank grew its stake in Exxon Mobil by 96.0% during the second quarter. First Command Bank now owns 187,962 shares of the oil and gas company’s stock worth $15,550,000 after buying an additional 92,058 shares in the last quarter. Finally, First Financial Bank Trust Division grew its stake in Exxon Mobil by 3.5% during the second quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock worth $7,078,000 after buying an additional 2,883 shares in the last quarter. 52.39% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Monday, August 6th. Credit Suisse Group reiterated a “neutral” rating and set a $80.00 price objective on shares of Exxon Mobil in a research note on Tuesday, October 2nd. Macquarie restated a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a research note on Thursday, August 30th. HSBC restated a “buy” rating and issued a $95.00 price target on shares of Exxon Mobil in a research note on Tuesday, November 6th. Finally, Zacks Investment Research restated a “hold” rating on shares of Exxon Mobil in a research note on Saturday, November 17th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $87.00.
Shares of NYSE XOM opened at $75.49 on Friday. The company has a market capitalization of $328.66 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. The business had revenue of $76.61 billion during the quarter, compared to analyst estimates of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. Analysts forecast that Exxon Mobil Co. will post 4.7 earnings per share for the current fiscal year.
The firm 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 $0.82 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 dividend on an annualized basis and a yield of 4.34%. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.
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Exxon Mobil Profile
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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