Rice Hall James & Associates LLC maintained its position in shares of Exxon Mobil Corp. (NYSE:XOM) during the third quarter, Holdings Channel reports. The institutional investor owned 14,914 shares of the company’s stock at the end of the third quarter. Rice Hall James & Associates LLC’s holdings in Exxon Mobil Corp. were worth $1,302,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in XOM. Vanguard Group Inc. increased its position in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Exxon Mobil Corp. during the second quarter worth $441,823,000. Capital World Investors boosted its position in Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock worth $1,426,817,000 after buying an additional 4,480,000 shares during the period. Alliancebernstein L.P. boosted its position in Exxon Mobil Corp. by 23.2% in the second quarter. Alliancebernstein L.P. now owns 17,123,892 shares of the company’s stock worth $1,605,194,000 after buying an additional 3,229,704 shares during the period. Finally, AJO LP boosted its position in Exxon Mobil Corp. by 209.2% in the second quarter. AJO LP now owns 4,305,100 shares of the company’s stock worth $403,560,000 after buying an additional 2,912,876 shares during the period. Institutional investors own 50.32% of the company’s stock.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.23% during midday trading on Friday, reaching $87.12. 5,043,042 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $86.08 and its 200 day moving average price is $88.38. The firm has a market capitalization of $361.26 billion, a P/E ratio of 40.79 and a beta of 0.86. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The firm had revenue of $58.68 billion for the quarter, compared to analysts’ expectations of $61.34 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The business’s revenue was down 12.9% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corp. will post $2.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is 140.19%.
XOM has been the topic of a number of research reports. HSBC set a $83.50 price objective on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Goldman Sachs Group Inc. cut shares of Exxon Mobil Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $98.00 to $93.00 in a research note on Monday, October 31st. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price target on the stock in a research note on Tuesday, September 13th. Bank of America Corp. set a $100.00 price target on shares of Exxon Mobil Corp. and gave the stock a “hold” rating in a research note on Monday, October 10th. Finally, Morningstar Inc. reaffirmed a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $87.62.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total value of $1,392,000.00. Following the sale, the vice president now directly owns 222,299 shares in the company, valued at $19,340,013. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.