Select Asset Management & Trust trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 27.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,812 shares of the oil and gas company’s stock after selling 7,178 shares during the quarter. Exxon Mobil accounts for 0.7% of Select Asset Management & Trust’s portfolio, making the stock its 26th largest holding. Select Asset Management & Trust’s holdings in Exxon Mobil were worth $1,187,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 54,263,728 shares of the oil and gas company’s stock valued at $3,029,544,000 after acquiring an additional 4,703,848 shares during the period. Morgan Stanley raised its stake in Exxon Mobil by 12.8% during the first quarter. Morgan Stanley now owns 27,506,146 shares of the oil and gas company’s stock worth $1,535,666,000 after acquiring an additional 3,114,113 shares in the last quarter. Nuveen Asset Management LLC increased its position in Exxon Mobil by 25.5% in the first quarter. Nuveen Asset Management LLC now owns 18,265,750 shares of the oil and gas company’s stock worth $1,019,777,000 after purchasing an additional 3,710,698 shares during the period. UBS Asset Management Americas Inc. increased its position in Exxon Mobil by 23.5% in the first quarter. UBS Asset Management Americas Inc. now owns 17,769,207 shares of the oil and gas company’s stock worth $992,055,000 after purchasing an additional 3,380,503 shares during the period. Finally, Swiss National Bank boosted its holdings in Exxon Mobil by 6.2% during the second quarter. Swiss National Bank now owns 17,262,491 shares of the oil and gas company’s stock worth $1,088,918,000 after buying an additional 1,001,686 shares during the last quarter. 51.73% of the stock is owned by institutional investors.
Shares of XOM stock traded down $0.51 on Tuesday, hitting $54.86. 510,500 shares of the company’s stock were exchanged, compared to its average volume of 25,289,881. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil Co. has a 12 month low of $31.11 and a 12 month high of $64.93. The stock has a market cap of $232.25 billion, a P/E ratio of -17.80, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The company has a 50 day moving average of $56.77 and a 200 day moving average of $58.43.
The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were issued a $0.87 dividend. The ex-dividend date was Thursday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 6.34%. Exxon Mobil’s payout ratio is presently -1,054.55%.
A number of brokerages have issued reports on XOM. Citigroup raised their target price on Exxon Mobil from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, July 1st. Wells Fargo & Company lifted their price objective on Exxon Mobil from $67.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, June 30th. Mizuho lifted their price objective on Exxon Mobil from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, May 17th. Barclays lifted their target price on Exxon Mobil from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, June 3rd. Finally, JPMorgan Chase & Co. set a $76.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Tuesday, June 29th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.35.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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