Minot DeBlois Advisors LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,725 shares of the oil and gas company's stock, valued at approximately $939,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of 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 worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank bought a new position in shares of Exxon Mobil during the fourth quarter worth $6,936,737,000. Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Exxon Mobil by 14.4% in the fourth 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. lifted 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 acquiring an additional 4,140,046 shares during the last quarter. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Performance
Shares of XOM traded down $0.04 during mid-day trading on Thursday, reaching $108.44. 14,990,663 shares of the company's stock were exchanged, compared to its average volume of 15,563,414. The business's fifty day simple moving average is $109.07 and its 200-day simple moving average is $110.98. 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 stock 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 52-week low of $97.80 and a 52-week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 earnings per share. On average, equities research analysts expect 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 3.65%. Exxon Mobil's dividend payout ratio is presently 52.52%.
Analysts Set New Price Targets
XOM has been the topic of several recent research reports. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada dropped their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Scotiabank cut their price objective on 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.
Check Out Our Latest Stock Analysis on XOM
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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