Raiffeisen Bank International AG bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,752 shares of the oil and gas company's stock, valued at approximately $1,138,000.
Other hedge funds have also recently made changes to their positions in the company. Recurrent Investment Advisors LLC lifted its stake in Exxon Mobil by 415.9% in the fourth quarter. Recurrent Investment Advisors LLC now owns 51,325 shares of the oil and gas company's stock worth $5,521,000 after purchasing an additional 41,376 shares during the last quarter. Redwood Investment Management LLC lifted its stake in Exxon Mobil by 31.5% in the fourth quarter. Redwood Investment Management LLC now owns 11,156 shares of the oil and gas company's stock worth $1,200,000 after purchasing an additional 2,672 shares during the last quarter. Point72 Europe London LLP bought a new stake in Exxon Mobil in the fourth quarter worth about $44,166,000. ProShare Advisors LLC lifted its stake in Exxon Mobil by 4.0% in the fourth quarter. ProShare Advisors LLC now owns 2,343,634 shares of the oil and gas company's stock worth $252,105,000 after purchasing an additional 90,835 shares during the last quarter. Finally, Quadcap Wealth Management LLC lifted its stake in Exxon Mobil by 13.4% in the fourth quarter. Quadcap Wealth Management LLC now owns 21,697 shares of the oil and gas company's stock worth $2,334,000 after purchasing an additional 2,565 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on XOM shares. Royal Bank of Canada decreased their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.50.
Read Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Stock Down 0.4%
Exxon Mobil stock traded down $0.45 during mid-day trading on Friday, reaching $108.13. 14,040,466 shares of the company were exchanged, compared to its average volume of 15,558,423. The business has a fifty day moving average of $108.98 and a 200 day moving average of $110.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $466.01 billion, a P/E ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is presently 52.52%.
Exxon Mobil Profile
(
Free Report)
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.
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