Shelter Mutual Insurance Co lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,490 shares of the oil and gas company’s stock after selling 7,300 shares during the period. Exxon Mobil comprises about 1.7% of Shelter Mutual Insurance Co’s holdings, making the stock its 26th largest holding. Shelter Mutual Insurance Co’s holdings in Exxon Mobil were worth $5,861,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of XOM. Massey Quick Simon & CO. LLC increased its holdings in Exxon Mobil by 625.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 469 shares during the period. Asset Planning Services Ltd. increased its holdings in Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 496 shares during the period. INR Advisory Services LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $43,000. Evolution Wealth Advisors LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $45,000. Finally, Interactive Financial Advisors purchased a new position in Exxon Mobil during the 1st quarter valued at about $65,000. 54.48% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on XOM. HSBC restated a “neutral” rating and set a $86.50 price target on shares of Exxon Mobil in a report on Thursday, May 23rd. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Zacks Investment Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. Bank of America reiterated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “hold” rating in a report on Sunday, August 4th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.35.
Shares of XOM opened at $69.72 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $73.45 and its 200-day moving average price is $76.73. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36. The stock has a market cap of $293.85 billion, a P/E ratio of 14.14, a P/E/G ratio of 2.00 and a beta of 0.97.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. During the same period in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 3.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be given a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.99%. Exxon Mobil’s dividend payout ratio is currently 70.59%.
Exxon Mobil Company 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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