Grantham Mayo Van Otterloo & Co. LLC Cuts Holdings in Exxon Mobil Corporation $XOM

Grantham Mayo Van Otterloo & Co. LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 19.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,096 shares of the oil and gas company’s stock after selling 89,274 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Exxon Mobil were worth $40,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Eagle Capital Management LLC boosted its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of Exxon Mobil by 18.2% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,085 shares of the oil and gas company’s stock worth $119,000 after acquiring an additional 167 shares during the period. Davis R M Inc. increased its position in Exxon Mobil by 5.6% during the first quarter. Davis R M Inc. now owns 445,354 shares of the oil and gas company’s stock valued at $52,966,000 after acquiring an additional 23,632 shares during the last quarter. RVW Wealth LLC boosted its position in Exxon Mobil by 56.9% in the first quarter. RVW Wealth LLC now owns 8,343 shares of the oil and gas company’s stock worth $992,000 after purchasing an additional 3,026 shares during the last quarter. Finally, Hoxton Planning & Management LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $958,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on XOM shares. Barclays cut their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. UBS Group raised their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Mizuho lowered their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Bank of America upped their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley lifted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.67.

Exxon Mobil Stock Up 0.4%

Shares of XOM opened at $114.93 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $484.67 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The business’s 50 day moving average is $114.78 and its 200 day moving average is $111.30.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

About Exxon Mobil

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.