Harmony Asset Management LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 33.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,633 shares of the oil and gas company's stock after selling 9,226 shares during the period. Harmony Asset Management LLC's holdings in Exxon Mobil were worth $2,004,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in XOM. Geode Capital Management LLC grew its position in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $6,936,737,000. Northern Trust Corp lifted its holdings in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after buying an additional 5,538,694 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Ratings Changes
XOM has been the topic of a number of analyst reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday. HSBC lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Scotiabank decreased 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 report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $125.50.
Read Our Latest Stock Analysis on XOM
Exxon Mobil Stock Performance
Shares of NYSE XOM traded up $0.14 during mid-day trading on Friday, hitting $103.11. The company had a trading volume of 12,055,860 shares, compared to its average volume of 15,542,276. The stock has a market cap of $444.36 billion, a price-to-earnings ratio of 13.15, 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. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm's 50 day simple moving average is $108.26 and its two-hundred day simple moving average is $110.40.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The business 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 company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.
Exxon Mobil Company 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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