JustInvest LLC Purchases 15,901 Shares of Exxon Mobil Co. (NYSE:XOM)


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JustInvest LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 93.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,956 shares of the oil and gas company’s stock after buying an additional 15,901 shares during the quarter. JustInvest LLC’s holdings in Exxon Mobil were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. FMR LLC lifted its position in shares of Exxon Mobil by 6.8% during the fourth quarter. FMR LLC now owns 70,602,466 shares of the oil and gas company’s stock worth $2,910,233,000 after purchasing an additional 4,470,829 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Exxon Mobil by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 42,904,485 shares of the oil and gas company’s stock worth $1,768,522,000 after purchasing an additional 2,630,031 shares in the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $1,648,683,000. Morgan Stanley lifted its position in shares of Exxon Mobil by 25.3% during the fourth quarter. Morgan Stanley now owns 24,392,033 shares of the oil and gas company’s stock worth $1,005,441,000 after purchasing an additional 4,927,441 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Exxon Mobil by 223.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 15,656,605 shares of the oil and gas company’s stock valued at $645,365,000 after buying an additional 10,818,671 shares during the period. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

In other Exxon Mobil news, Director Michael J. Angelakis acquired 25,000 shares of the company’s stock in a transaction on Monday, March 1st. The shares were acquired at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the acquisition, the director now directly owns 8,000 shares in the company, valued at $457,280. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.

Several equities analysts recently weighed in on XOM shares. Barclays increased their price objective on shares of Exxon Mobil from $50.00 to $65.00 in a report on Friday, February 26th. Raymond James upgraded shares of Exxon Mobil from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 20th. BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 target price on the stock in a report on Monday, February 8th. MKM Partners increased their target price on shares of Exxon Mobil from $56.00 to $60.00 in a report on Thursday, March 4th. Finally, Citigroup increased their target price on shares of Exxon Mobil from $44.00 to $53.00 in a report on Thursday, March 4th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $55.81.

Shares of XOM traded up $0.15 during midday trading on Tuesday, reaching $58.97. The stock had a trading volume of 736,303 shares, compared to its average volume of 29,012,047. The firm has a market cap of $249.65 billion, a PE ratio of 35.01 and a beta of 1.31. Exxon Mobil Co. has a one year low of $31.11 and a one year high of $62.55. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The firm has a 50 day simple moving average of $56.85 and a 200-day simple moving average of $47.38.

Exxon Mobil (NYSE:XOM) last released its earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.06. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The company had revenue of $59.15 billion for the quarter, compared to the consensus estimate of $55.36 billion. During the same quarter in the previous year, the company earned ($0.14) EPS. Exxon Mobil’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date is Wednesday, May 12th. This represents a $3.48 annualized dividend and a yield of 5.90%. Exxon Mobil’s payout ratio is currently 154.67%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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