Jag Capital Management LLC continued to hold its position in shares of Exxon Mobil Corporation (NYSE:XOM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,117 shares of the oil and gas company’s stock at the end of the first quarter. Jag Capital Management LLC’s holdings in Exxon Mobil Corporation were worth $372,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth approximately $3,306,084,000. Teachers Advisors LLC boosted its position in shares of Exxon Mobil Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock worth $655,276,000 after buying an additional 471,230 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Exxon Mobil Corporation by 824.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,221,961 shares of the oil and gas company’s stock worth $651,912,000 after buying an additional 6,440,709 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Exxon Mobil Corporation by 7.4% in the fourth quarter. AQR Capital Management LLC now owns 4,574,206 shares of the oil and gas company’s stock worth $412,868,000 after buying an additional 315,106 shares during the last quarter. Finally, Credit Agricole S A boosted its position in Exxon Mobil Corporation by 4.6% in the fourth quarter. Credit Agricole S A now owns 4,122,611 shares of the oil and gas company’s stock valued at $372,106,000 after buying an additional 179,748 shares in the last quarter. 50.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.96% during trading on Friday, hitting $78.21. The stock had a trading volume of 10,192,375 shares. The company has a market cap of $331.38 billion, a PE ratio of 28.19 and a beta of 0.81. The stock’s 50 day moving average is $80.50 and its 200-day moving average is $81.75. Exxon Mobil Corporation has a 12-month low of $78.20 and a 12-month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. Analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
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Several equities analysts have issued reports on the stock. Vetr cut shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 target price on the stock. in a research note on Wednesday. Zacks Investment Research upgraded shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, August 3rd. HSBC Holdings plc set a $81.50 price target on shares of Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, August 3rd. Finally, Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus target price of $84.98.
In related news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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