Ancora Advisors LLC Boosts Stake in Exxon Mobil Co. (XOM)
Ancora Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 14.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,938 shares of the oil and gas company’s stock after buying an additional 19,090 shares during the period. Ancora Advisors LLC’s holdings in Exxon Mobil were worth $11,186,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its position in Exxon Mobil by 43.0% during the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after purchasing an additional 5,440,412 shares during the period. Eaton Vance Management lifted its position in Exxon Mobil by 53.6% during the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after purchasing an additional 3,136,452 shares during the period. BlackRock Inc. lifted its position in Exxon Mobil by 1.2% during the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after purchasing an additional 2,982,610 shares during the period. OppenheimerFunds Inc. lifted its position in Exxon Mobil by 224.5% during the first quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock valued at $281,452,000 after purchasing an additional 2,609,710 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Exxon Mobil by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock valued at $4,642,701,000 after purchasing an additional 2,474,965 shares during the period. Institutional investors and hedge funds own 52.60% of the company’s stock.
A number of research analysts recently issued reports on the stock. Jefferies Financial Group set a $87.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 24th. Credit Suisse Group set a $80.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday. Goldman Sachs Group restated a “neutral” rating and set a $85.00 target price on shares of Exxon Mobil in a research report on Thursday, June 21st. Macquarie set a $70.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a report on Thursday. Finally, BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a report on Tuesday. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.11.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The company had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. equities analysts anticipate that Exxon Mobil Co. will post 4.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, August 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.07%. Exxon Mobil’s dividend payout ratio is currently 91.36%.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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