Cwm LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.0% in the first quarter, Holdings Channel reports. The institutional investor owned 121,446 shares of the oil and gas company’s stock after buying an additional 9,014 during the quarter. Cwm LLC’s holdings in Exxon Mobil were worth $10,030,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of XOM. State Street Corp lifted its position in Exxon Mobil by 0.4% during the fourth quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after purchasing an additional 1,128,974 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 worth $4,322,078,000 after acquiring an additional 3,441,825 shares during the last quarter. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter worth approximately $3,184,424,000. GQG Partners LLC increased its stake in 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 worth $1,982,114,000 after acquiring an additional 5,807,202 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Exxon Mobil by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. Now owns 30,619,880 shares of the oil and gas company’s stock worth $1,873,632,000 after acquiring an additional 164,733 shares during the last quarter. 54.07% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the company. Cowen increased their price objective on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $115.00 to $125.00 in a research report on Tuesday, June 21st. JPMorgan Chase & Co. set a $100.00 target price on Exxon Mobil in a research report on Tuesday, March 29th. Cowen raised their target price on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Finally, Morgan Stanley raised their price target on shares of Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, June 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $90.48.
Shares of XOM stock opened at $87.55 on Tuesday. The firm has a market capitalization of $368.81 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.36 and a beta of 1.07. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $91.67 and its 200 day simple moving average is $82.36. Exxon Mobil Co. has a 1 year low of $52.10 and a 1 year high of $105.57.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 53.0% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 10.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were paid 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 4.02%. Exxon Mobil’s dividend payout ratio is currently 58.37%.
In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on 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 $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.
Exxon Mobil Profile (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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