Minot Wealth Management LLC raised its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 15.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 40,896 shares of the oil and gas company’s stock after acquiring an additional 5,477 during the period. Minot Wealth Management LLC’s holdings in Exxon Mobil were worth $3,378,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $3,184,424,000. GQG Partners LLC raised its holdings in shares of Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after acquiring an additional 5,807,202 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Exxon Mobil by 134.3% during the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock valued at $386,314,000 after acquiring an additional 3,619,270 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Exxon Mobil by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after acquiring an additional 3,441,825 shares in the last quarter. Finally, American Century Companies Inc. its raised holdings in shares of Exxon Mobil by 324.1% during the fourth quarter. American Century Companies Inc. Now owns 2,618,221 shares of the oil and gas company’s stock valued at $160,209,000 after acquiring an additional 2,000,928 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.
In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.
Exxon Mobil stock opened at $86.90 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The stock has a market capitalization of $366.07 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. The business’s fifty day moving average is $91.46 and its 200 day moving average is $81.23.
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. During the same period last year, the business earned $0.65 earnings per share. The company’s quarterly revenue was up 53.0% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 10.26 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.52 annualized dividend and a dividend yield of 4.05%. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.
A number of equities analysts recently commented on XOM shares. Cowen upped their target price on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Wells Fargo & Company upped their price target on Exxon Mobil from $93.00 to 107.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. Royal Bank of Canada raised Exxon Mobil from a “sector performer” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $100.00 in a research note on Thursday, April 21st. Morgan Stanley upped their price target on Exxon Mobil from $103.00 to $107.00 and gave the stock an “overweight” rating in a research note on Monday, June 6th. Finally, Citigroup upped their price target on Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Hold” and an average price target of $89.24.
About Exxon Mobil (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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