MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stock Position in Exxon Mobil Corporation $XOM

by · The Cerbat Gem

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,706 shares of the oil and gas company’s stock after selling 2,020 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Exxon Mobil were worth $55,726,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XOM. Algert Global LLC lifted its stake in shares of Exxon Mobil by 10.8% during the 4th quarter. Algert Global LLC now owns 21,374 shares of the oil and gas company’s stock valued at $2,299,000 after buying an additional 2,078 shares in the last quarter. First Manhattan CO. LLC. lifted its stake in Exxon Mobil by 0.7% in the 4th quarter. First Manhattan CO. LLC. now owns 200,022 shares of the oil and gas company’s stock worth $21,516,000 after purchasing an additional 1,356 shares in the last quarter. Ethic Inc. lifted its stake in Exxon Mobil by 103.6% in the 4th quarter. Ethic Inc. now owns 50,731 shares of the oil and gas company’s stock worth $5,457,000 after purchasing an additional 25,815 shares in the last quarter. Elyxium Wealth LLC lifted its stake in Exxon Mobil by 1.0% in the 4th quarter. Elyxium Wealth LLC now owns 23,976 shares of the oil and gas company’s stock worth $2,579,000 after purchasing an additional 228 shares in the last quarter. Finally, Elefante Mark B purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $355,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on XOM shares. Melius started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $125.00.

Read Our Latest Report on XOM

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $109.23 on Friday. The firm’s fifty day moving average price is $110.45 and its 200-day moving average price is $109.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market cap of $465.66 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 2.10 and a beta of 0.57. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company posted $2.14 EPS. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Exxon Mobil Company Profile

(Free Report)

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.

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