TradeLink Capital LLC Purchases New Shares in Exxon Mobil Co. (NYSE:XOM)

TradeLink Capital LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,200 shares of the oil and gas company’s stock, valued at approximately $411,000. Exxon Mobil makes up about 1.7% of TradeLink Capital LLC’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds have also added to or reduced their stakes in XOM. First Eagle Investment Management LLC boosted its position in Exxon Mobil by 38.2% in the 1st quarter. First Eagle Investment Management LLC now owns 27,551,706 shares of the oil and gas company’s stock valued at $1,046,138,000 after buying an additional 7,611,498 shares during the last quarter. State Street Corp boosted its position in shares of Exxon Mobil by 2.1% in the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock worth $7,840,960,000 after purchasing an additional 4,222,270 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Exxon Mobil by 18.9% in the 1st quarter. Franklin Resources Inc. now owns 25,832,354 shares of the oil and gas company’s stock worth $980,847,000 after purchasing an additional 4,097,287 shares during the last quarter. Morgan Stanley boosted its position in shares of Exxon Mobil by 18.6% in the 1st quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after purchasing an additional 3,223,089 shares during the last quarter. Finally, RWWM Inc. boosted its position in shares of Exxon Mobil by 26,527.1% in the 1st quarter. RWWM Inc. now owns 3,044,279 shares of the oil and gas company’s stock worth $115,591,000 after purchasing an additional 3,032,846 shares during the last quarter. 52.16% of the stock is owned by hedge funds and other institutional investors.

Shares of XOM traded up $0.21 during midday trading on Friday, hitting $42.08. The stock had a trading volume of 32,123,002 shares, compared to its average volume of 18,976,564. The company has a 50 day simple moving average of $44.44 and a two-hundred day simple moving average of $48.35. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $75.66. The firm has a market cap of $177.04 billion, a price-to-earnings ratio of 15.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). The company had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. Exxon Mobil’s revenue was down 52.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Analysts forecast that Exxon Mobil Co. will post -0.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date of this dividend is Wednesday, August 12th. Exxon Mobil’s dividend payout ratio is currently 154.67%.

Several research analysts have recently issued reports on the company. UBS Group raised their price target on Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Wells Fargo & Co raised their price target on Exxon Mobil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Mizuho reduced their target price on Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Cowen reiterated a “hold” rating and set a $34.00 target price on shares of Exxon Mobil in a report on Thursday, July 2nd. Finally, BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 13th. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.17.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: FinTech

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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