FOURPOINTS Investment Managers S.A.S. Has $1.15 Million Position in Exxon Mobil Corporation (XOM)
FOURPOINTS Investment Managers S.A.S. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,000 shares of the oil and gas company’s stock after selling 800 shares during the period. FOURPOINTS Investment Managers S.A.S.’s holdings in Exxon Mobil Corporation were worth $1,148,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of XOM. Norges Bank purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at about $3,306,084,000. Schwab Charles Investment Management Inc. increased its position 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 valued at $1,567,780,000 after buying an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position 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 valued at $976,677,000 after buying an additional 51,810 shares during the last quarter. Teachers Advisors LLC increased its position 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 valued at $655,276,000 after buying an additional 471,230 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position 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 valued at $385,759,000 after buying an additional 47,545 shares during the last quarter. Hedge funds and other institutional investors own 50.59% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.96% on Friday, reaching $78.21. 10,192,375 shares of the company were exchanged. The stock has a 50 day moving average of $80.50 and a 200-day moving average of $81.75. The company has a market capitalization of $331.38 billion, a P/E ratio of 28.19 and a beta of 0.81. 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 issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.94%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
XOM has been the topic of several research reports. BMO Capital Markets set a $78.00 target price on Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Monday, June 26th. Zacks Investment Research raised Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BNP Paribas reissued a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil Corporation in a research report on Wednesday, July 5th. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 target price on the stock in a research report on Monday, July 10th. Finally, Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, July 11th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.98.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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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