China Universal Asset Management Co. Ltd. Has $1.89 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

China Universal Asset Management Co. Ltd. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 132.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,119 shares of the oil and gas company’s stock after purchasing an additional 9,171 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $1,889,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new stake in Exxon Mobil during the second quarter valued at $980,210,000. International Assets Investment Management LLC boosted its position in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares during the last quarter. Capital International Investors boosted its position in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 16.9% during 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 acquiring an additional 5,330,887 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.4 %

XOM opened at $116.80 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a market capitalization of $460.52 billion, a PE ratio of 14.31, a P/E/G ratio of 5.00 and a beta of 0.89. The company’s 50-day moving average is $117.66 and its 200 day moving average is $116.39.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Morgan Stanley cut their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil 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.