Charles Schwab Trust Co Purchases 97,424 Shares of ExxonMobil Corporation $XOM

Charles Schwab Trust Co raised its position in ExxonMobil Corporation (NYSE:XOM) by 392.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 122,223 shares of the oil and gas company’s stock after buying an additional 97,424 shares during the period. ExxonMobil makes up 0.9% of Charles Schwab Trust Co’s portfolio, making the stock its 26th biggest holding. Charles Schwab Trust Co’s holdings in ExxonMobil were worth $16,710,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XOM. Norges Bank acquired a new position in shares of ExxonMobil in the fourth quarter valued at approximately $7,625,063,000. Quantum Portfolio Management LLC acquired a new stake in ExxonMobil during the 1st quarter worth approximately $965,932,000. Arrowstreet Capital Limited Partnership bought a new stake in ExxonMobil during the 1st quarter worth approximately $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ExxonMobil by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after acquiring an additional 2,465,410 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in ExxonMobil by 334.4% in the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock valued at $368,541,000 after acquiring an additional 2,357,467 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Wolfe Research downgraded shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Mizuho cut their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. HSBC set a $158.00 price target on ExxonMobil in a research report on Monday, August 3rd. Finally, Barclays raised their price objective on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, ExxonMobil currently has an average rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Stock Performance

XOM stock opened at $159.46 on Tuesday. The stock has a 50-day moving average price of $146.33 and a 200-day moving average price of $149.85. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a market cap of $660.95 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the previous year, the company earned $1.64 EPS. As a group, equities research analysts expect that ExxonMobil Corporation will post 12.34 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

ExxonMobil 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.