Brevan Howard Capital Management LP Increases Holdings in Exxon Mobil Corporation $XOM

Brevan Howard Capital Management LP raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 60.0% during the second quarter, HoldingsChannel reports. The fund owned 314,196 shares of the oil and gas company’s stock after buying an additional 117,814 shares during the period. Brevan Howard Capital Management LP’s holdings in Exxon Mobil were worth $33,870,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after buying an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Exxon Mobil by 0.4% in 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 purchasing an additional 342,967 shares during the last quarter. Norges Bank bought a new position in shares of Exxon Mobil during the second quarter valued at $6,163,719,000. Bank of New York Mellon Corp boosted its position in shares of 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 valued at $5,023,298,000 after buying an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Exxon Mobil by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after buying an additional 1,126,912 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Barclays decreased their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Cowen restated a “buy” rating on shares of Exxon Mobil in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research note on Monday. Finally, Citigroup raised their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.24.

Exxon Mobil Price Performance

NYSE XOM opened at $118.77 on Friday. The business’s fifty day moving average is $115.60 and its 200 day moving average is $112.16. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a market capitalization of $500.88 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.50 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is currently 59.88%.

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.