ExxonMobil Corporation $XOM is Clarus Group Inc.’s 7th Largest Position

Clarus Group Inc. decreased its position in ExxonMobil Corporation (NYSE:XOM) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,713 shares of the oil and gas company’s stock after selling 6,048 shares during the quarter. ExxonMobil comprises about 3.9% of Clarus Group Inc.’s holdings, making the stock its 7th largest position. Clarus Group Inc.’s holdings in ExxonMobil were worth $11,445,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. 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 first quarter worth approximately $965,932,000. Arrowstreet Capital Limited Partnership acquired a new stake in ExxonMobil during the first quarter worth approximately $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ExxonMobil by 18.2% in 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 period. Finally, Van ECK Associates Corp raised its holdings 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 last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays increased their price target on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Mizuho reduced their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Finally, Citigroup restated a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Stock Up 0.9%

Shares of XOM opened at $160.08 on Friday. ExxonMobil Corporation has a fifty-two week low of $105.67 and a fifty-two week high of $176.41. The company’s fifty day moving average is $147.00 and its two-hundred day moving average is $150.45. The firm has a market cap of $663.52 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter in the previous year, the company earned $1.64 earnings per share. Analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 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.