Vaughan Nelson Investment Management L.P. Has $181.32 Million Stake in ExxonMobil Corporation $XOM

Vaughan Nelson Investment Management L.P. boosted its stake in ExxonMobil Corporation (NYSE:XOM) by 68.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,068,757 shares of the oil and gas company’s stock after acquiring an additional 432,582 shares during the period. ExxonMobil accounts for 1.8% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 7th largest position. Vaughan Nelson Investment Management L.P.’s holdings in ExxonMobil were worth $181,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its position in shares of ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Caxton Associates LLP bought a new stake in ExxonMobil in the first quarter valued at about $305,000. Sivia Capital Partners LLC raised its stake in ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after buying an additional 207 shares in the last quarter. United Bank lifted its holdings in ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in ExxonMobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after buying an additional 5,443 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

Shares of XOM stock opened at $140.15 on Wednesday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm has a market capitalization of $580.91 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 0.59 and a beta of 0.16. The business has a 50 day simple moving average of $149.40 and a 200 day simple moving average of $143.73.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the previous year, the business earned $1.76 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.9%. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: The U.S. Supreme Court ruled in ExxonMobil’s favor, strengthening its bid to seek compensation for property seized by Cuba and raising the possibility of a future financial recovery. Reuters article on ExxonMobil Cuba compensation ruling
• Positive Sentiment: A second report said the Supreme Court’s decision helps ExxonMobil’s case against CIMEX, reinforcing the market’s view that the ruling could be meaningful for the company. New York Post article on ExxonMobil Cuba compensation ruling
• Neutral Sentiment: Broader energy shares were also trading higher, which may be providing a mild sector tailwind for ExxonMobil. Yahoo Finance sector update

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price target on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. HSBC raised their price objective on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. Bank of America raised shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Tuesday, June 16th. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, ExxonMobil currently has an average rating of “Moderate Buy” and an average price target of $165.70.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.