Objectivity Squared LLC Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Objectivity Squared LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,419 shares of the oil and gas company’s stock after selling 386 shares during the quarter. Exxon Mobil makes up about 1.4% of Objectivity Squared LLC’s portfolio, making the stock its 16th biggest holding. Objectivity Squared LLC’s holdings in Exxon Mobil were worth $2,058,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after buying an additional 1,269,495 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after acquiring an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc increased its position in Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.5 %

XOM stock traded down $0.64 during trading on Wednesday, hitting $121.40. 1,710,007 shares of the company’s stock were exchanged, compared to its average volume of 16,765,996. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The business has a 50-day moving average price of $116.58 and a two-hundred day moving average price of $116.17. The stock has a market capitalization of $478.68 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.13%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analyst Ratings Changes

A number of research firms recently commented on XOM. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday. Finally, Morgan Stanley dropped their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.72.

Exxon Mobil Company 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.