Te Ahumairangi Investment Management Ltd Has $2.49 Million Position in Exxon Mobil Corporation $XOM

Te Ahumairangi Investment Management Ltd boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 34.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,061 shares of the oil and gas company’s stock after acquiring an additional 5,950 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Exxon Mobil were worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the last quarter. N.E.W. Advisory Services LLC boosted its stake in Exxon Mobil by 3.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 3,858 shares of the oil and gas company’s stock valued at $459,000 after purchasing an additional 121 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in Exxon Mobil by 18.2% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,085 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 167 shares in the last quarter. Independence Financial Advisors LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $693,000. Finally, Vestcor Inc lifted its holdings in shares of Exxon Mobil by 1.3% during the first quarter. Vestcor Inc now owns 84,210 shares of the oil and gas company’s stock worth $10,015,000 after buying an additional 1,070 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.93 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $484.67 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81. The stock’s 50-day simple moving average is $114.76 and its 200 day simple moving average is $111.28.

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 (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion for the quarter. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is currently 59.88%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Tuesday. Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Bank of America lifted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Finally, Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

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.