Rhumbline Advisers Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Rhumbline Advisers cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,644,156 shares of the oil and gas company's stock after selling 171,499 shares during the period. Exxon Mobil makes up 0.9% of Rhumbline Advisers' holdings, making the stock its 14th largest position. Rhumbline Advisers owned approximately 0.18% of Exxon Mobil worth $909,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Geode Capital Management LLC boosted its stake in shares of Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after buying an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $6,936,737,000. Northern Trust Corp boosted its stake in shares of Exxon Mobil by 7.0% during 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 during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 worth $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of 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 buying an additional 4,140,046 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Trading Up 0.7%

NYSE XOM traded up $0.71 during trading on Monday, hitting $103.01. The stock had a trading volume of 17,286,652 shares, compared to its average volume of 15,555,130. 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 stock has a market capitalization of $443.95 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The stock has a 50 day simple moving average of $106.95 and a 200 day simple moving average of $109.62.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 company had revenue of $83.13 billion for 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 revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $2.06 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. Exxon Mobil's payout ratio is currently 52.52%.

Exxon Mobil Company Profile

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.