Lmcg Investments LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 85,186 shares of the oil and gas company's stock after selling 5,598 shares during the period. Lmcg Investments LLC's holdings in Exxon Mobil were worth $10,131,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $6,936,737,000. GAMMA Investing LLC grew its stake in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. grew its holdings in Exxon Mobil by 13.1% during 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 acquiring an additional 4,140,046 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Stock Up 2.4%
Shares of NYSE XOM traded up $2.46 during trading hours on Friday, hitting $104.29. The stock had a trading volume of 15,465,774 shares, compared to its average volume of 15,534,982. The firm's 50-day moving average price is $105.71 and its two-hundred day moving average price is $109.29. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.51. 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 released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating 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%. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.
Analyst Ratings Changes
XOM has been the topic of a number of research reports. Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $125.50.
View Our Latest Analysis on XOM
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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