QV Investors Inc. Has $8.63 Million Position in ExxonMobil Corporation $XOM

QV Investors Inc. cut its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 29.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,161 shares of the oil and gas company’s stock after selling 26,560 shares during the quarter. QV Investors Inc.’s holdings in ExxonMobil were worth $8,635,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LifePlan Financial LLC grew its holdings in shares of ExxonMobil by 1.8% in the 2nd quarter. LifePlan Financial LLC now owns 6,628 shares of the oil and gas company’s stock worth $906,000 after purchasing an additional 120 shares during the last quarter. Athena Wealth Management LLC lifted its holdings in ExxonMobil by 5.1% during the 2nd quarter. Athena Wealth Management LLC now owns 21,330 shares of the oil and gas company’s stock valued at $2,916,000 after purchasing an additional 1,037 shares during the last quarter. Nicholson Meyer Capital Management Inc. bought a new position in ExxonMobil during the 2nd quarter valued at about $285,000. Allied Investment Advisors LLC boosted its position in ExxonMobil by 1.5% in the second quarter. Allied Investment Advisors LLC now owns 128,268 shares of the oil and gas company’s stock valued at $17,537,000 after buying an additional 1,860 shares in the last quarter. Finally, Diversified Trust Co. grew its stake in ExxonMobil by 9.1% during the second quarter. Diversified Trust Co. now owns 144,820 shares of the oil and gas company’s stock worth $19,800,000 after buying an additional 12,076 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on XOM shares. Scotiabank raised their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Tuesday, August 4th. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Finally, Sanford C. Bernstein cut their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Trading Down 0.6%

XOM opened at $158.78 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $658.13 billion, a PE ratio of 20.43, a PEG ratio of 0.63 and a beta of 0.17. ExxonMobil Corporation has a 1-year low of $105.67 and a 1-year high of $176.41. The firm has a 50-day moving average price of $146.80 and a two-hundred day moving average price of $150.38.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the prior year, the firm posted $1.64 earnings per share. As a group, equities analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.