Southport Management L.L.C. Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Southport Management L.L.C. decreased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the oil and gas company's stock after selling 5,000 shares during the quarter. Exxon Mobil accounts for about 3.9% of Southport Management L.L.C.'s portfolio, making the stock its 10th largest position. Southport Management L.L.C.'s holdings in Exxon Mobil were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of XOM. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. 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 acquiring an additional 5,538,694 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Exxon Mobil by 1,524.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock worth $585,818,000 after acquiring an additional 5,110,603 shares during the period. Franklin Resources Inc. lifted 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 purchasing an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in 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 purchasing an additional 2,998,892 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Barclays reduced their price objective on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Down 0.0%

Shares of NYSE:XOM opened at $108.44 on Friday. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company 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. The business has a fifty day moving average price of $109.00 and a two-hundred day moving average price of $110.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

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 the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business 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 $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Exxon Mobil 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.

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