Dodge & Cox Has $9.26 Million Stake in Exxon Mobil Corporation $XOM

Dodge & Cox trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,863 shares of the oil and gas company’s stock after selling 598 shares during the period. Dodge & Cox’s holdings in Exxon Mobil were worth $9,260,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of XOM. Nuveen LLC acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $2,730,414,000. GQG Partners LLC lifted its position in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the period. Northern Trust Corp lifted its holdings in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after buying an additional 2,639,797 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.7%

XOM opened at $111.1220 on Friday. The firm’s fifty day moving average is $110.24 and its two-hundred day moving average is $108.88. 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 firm has a market cap of $473.74 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.53. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on XOM shares. Melius started coverage on shares of Exxon Mobil in a report on Wednesday. They issued a “hold” rating and a $111.00 price objective on the stock. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $125.00.

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.