Amundi Sells 3,852,825 Shares of Exxon Mobil Corporation $XOM

Amundi lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,533,295 shares of the oil and gas company’s stock after selling 3,852,825 shares during the period. Exxon Mobil comprises approximately 0.9% of Amundi’s holdings, making the stock its 13th biggest position. Amundi owned approximately 0.53% of Exxon Mobil worth $2,502,322,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after purchasing an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC increased its position in Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock worth $10,345,132,000 after buying an additional 342,967 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the second quarter worth about $6,163,719,000. Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after buying an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Exxon Mobil by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after buying an additional 1,126,912 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.6%

Shares of XOM stock opened at $117.08 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $493.74 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.38. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The stock’s 50-day moving average price is $115.05 and its 200-day moving average price is $111.57.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $57.55 billion during the quarter. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s payout ratio is currently 59.88%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XOM. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a report on Monday. Barclays decreased their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. UBS Group reiterated a “buy” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Monday. Finally, Wells Fargo & Company started coverage on Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.67.

About Exxon Mobil

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.