Quantinno Capital Management LP boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 24.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,158 shares of the oil and gas company's stock after buying an additional 110,772 shares during the quarter. Exxon Mobil accounts for approximately 0.6% of Quantinno Capital Management LP's holdings, making the stock its 17th biggest holding. Quantinno Capital Management LP's holdings in Exxon Mobil were worth $61,332,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. BMO Capital Markets lowered their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Scotiabank lowered their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.
Read Our Latest Stock Report on XOM
Exxon Mobil Price Performance
Shares of NYSE:XOM traded down $0.04 during trading on Thursday, reaching $108.44. The company had a trading volume of 14,990,663 shares, compared to its average volume of 15,563,417. The firm's fifty day moving average is $109.00 and its 200 day moving average is $110.91. The firm has a market capitalization of $467.34 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.
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 for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.
About Exxon Mobil
(
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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