China Universal Asset Management Co. Ltd. Sells 9,666 Shares of Exxon Mobil Corporation $XOM

China Universal Asset Management Co. Ltd. decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 39.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,762 shares of the oil and gas company’s stock after selling 9,666 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $1,591,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XOM. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Exxon Mobil by 0.4% during the second 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 last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil during the second quarter worth about $6,163,719,000. Bank of New York Mellon Corp boosted its holdings in shares of 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 purchasing an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup boosted their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, UBS Group restated a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $129.24.

Exxon Mobil Price Performance

Shares of XOM stock opened at $118.77 on Monday. The business’s fifty day moving average is $115.60 and its 200 day moving average is $112.29. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a market cap of $500.88 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 7.48 and a beta of 0.38. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm 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%. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

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.