Axa S.A. Increases Stock Position in Exxon Mobil Corporation $XOM

Axa S.A. lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 75.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 265,558 shares of the oil and gas company’s stock after purchasing an additional 114,104 shares during the period. Axa S.A.’s holdings in Exxon Mobil were worth $28,627,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of XOM. Vanguard Group Inc. raised its holdings in Exxon Mobil by 0.3% in the second 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 lifted its position in Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after acquiring an additional 342,967 shares during the period. Norges Bank bought a new stake in Exxon Mobil during the second quarter worth about $6,163,719,000. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 2.8% during 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 acquiring an additional 1,274,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after purchasing an additional 1,126,912 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $118.10 on Wednesday. The business’s 50-day moving average is $115.18 and its 200 day moving average is $111.94. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $120.81. The company has a market capitalization of $498.03 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.47 and a beta of 0.38. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on XOM. Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Barclays cut their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. BNP Paribas upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Bank of America upped their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.89.

Exxon Mobil Profile

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.