Private Advisor Group LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,092 shares of the oil and gas company’s stock after selling 14,573 shares during the period. Private Advisor Group LLC’s holdings in Exxon Mobil were worth $20,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. C WorldWide Group Holding A S purchased a new stake in Exxon Mobil in the third quarter valued at $363,290,000. Morgan Stanley boosted its holdings in Exxon Mobil by 19.6% in the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock valued at $1,872,372,000 after purchasing an additional 3,614,568 shares during the last quarter. Vanguard Group Inc boosted its holdings in Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc now owns 329,558,203 shares of the oil and gas company’s stock valued at $28,019,038,000 after purchasing an additional 3,269,684 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc. now owns 329,558,203 shares of the oil and gas company’s stock valued at $28,019,038,000 after purchasing an additional 3,269,684 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in Exxon Mobil by 8,766.5% in the third quarter. Rehmann Capital Advisory Group now owns 3,264,121 shares of the oil and gas company’s stock valued at $3,009,820,000 after purchasing an additional 3,227,307 shares during the last quarter. 54.54% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on XOM shares. Morgan Stanley lowered their target price on shares of Exxon Mobil from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 16th. HSBC lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $75.60 target price on the stock. in a research note on Monday, May 13th. Bank of America set a $105.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Thursday, March 7th. Wells Fargo & Co raised their price target on shares of Exxon Mobil from $76.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, April 3rd. Finally, Goldman Sachs Group set a $82.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $84.76.
XOM stock traded down $0.07 during midday trading on Monday, hitting $76.56. The company’s stock had a trading volume of 9,387,988 shares, compared to its average volume of 11,891,675. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The company has a market cap of $328.54 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.79 and a beta of 0.97. The firm has a 50-day moving average of $74.89.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The business had revenue of $63.63 billion during the quarter, compared to analysts’ expectations of $67.35 billion. During the same period in the prior year, the business earned $1.09 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 3.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 13th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.55%. The ex-dividend date was Friday, May 10th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82. Exxon Mobil’s dividend payout ratio (DPR) is currently 70.59%.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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