Stephens Inc. AR trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,712 shares of the oil and gas company’s stock after selling 11,197 shares during the period. Exxon Mobil accounts for approximately 0.6% of Stephens Inc. AR’s investment portfolio, making the stock its 22nd biggest holding. Stephens Inc. AR’s holdings in Exxon Mobil were worth $22,551,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. C WorldWide Group Holding A S purchased a new position in Exxon Mobil in the 3rd quarter valued at about $363,290,000. Morgan Stanley lifted its stake in Exxon Mobil by 19.6% in the 3rd quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock valued at $1,872,372,000 after buying an additional 3,614,568 shares in the last quarter. Vanguard Group Inc lifted its stake in Exxon Mobil by 1.0% in the 3rd 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 buying an additional 3,269,684 shares in the last quarter. Vanguard Group Inc. lifted its stake in Exxon Mobil by 1.0% in the 3rd 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 buying an additional 3,269,684 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in Exxon Mobil by 8,766.5% in the 3rd 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 buying an additional 3,227,307 shares in the last quarter. 54.54% of the stock is currently owned by hedge funds and other institutional investors.
XOM has been the subject of a number of recent research reports. HSBC downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $75.60 price objective for the company. in a report on Monday, May 13th. Goldman Sachs Group set a $82.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, April 26th. Bank of America set a $105.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a report on Thursday, March 7th. Wells Fargo & Co set a $76.00 price objective on shares of Exxon Mobil and gave the company a “hold” rating in a report on Friday, March 8th. Finally, Credit Suisse Group set a $79.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and an average target price of $84.76.
Shares of NYSE:XOM traded down $0.07 during mid-day trading on Monday, reaching $76.56. 9,387,988 shares of the company were exchanged, compared to its average volume of 11,891,675. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77. The company has a market cap of $328.54 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.79 and a beta of 0.97. The company has a 50-day moving average price of $74.89. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The company had revenue of $63.63 billion for the quarter, compared to analysts’ expectations of $67.35 billion. During the same period in the previous year, the business posted $1.09 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, research analysts predict 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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