Aberdeen Group plc Grows Position in Exxon Mobil Corporation (NYSE:XOM)

Aberdeen Group plc boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 79.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,865,296 shares of the oil and gas company’s stock after buying an additional 825,509 shares during the quarter. Aberdeen Group plc’s holdings in Exxon Mobil were worth $223,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $29,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $32,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $45,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $125.26.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $107.48 on Friday. The stock has a market cap of $458.23 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a fifty day moving average of $110.21 and a 200-day moving average of $108.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.14 earnings per share. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil’s payout ratio is 56.25%.

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.