Augustine Asset Management Inc. trimmed its position in ExxonMobil (NYSE:XOM) by 37.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,751 shares of the oil and gas company’s stock after selling 8,888 shares during the quarter. Augustine Asset Management Inc.’s holdings in ExxonMobil were worth $1,233,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Shell Asset Management Co. lifted its stake in shares of ExxonMobil by 31.9% during the 3rd quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock worth $100,269,000 after purchasing an additional 257,727 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of ExxonMobil by 5.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,817,503 shares of the oil and gas company’s stock worth $148,994,000 after purchasing an additional 95,071 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of ExxonMobil during the 3rd quarter worth $1,255,000. Gratus Capital LLC lifted its stake in shares of ExxonMobil by 2.7% during the 3rd quarter. Gratus Capital LLC now owns 110,068 shares of the oil and gas company’s stock worth $9,023,000 after purchasing an additional 2,918 shares during the last quarter. Finally, B. Riley Financial Inc. purchased a new stake in shares of ExxonMobil during the 3rd quarter worth $429,000. Institutional investors and hedge funds own 53.12% of the company’s stock.
Shares of XOM stock opened at $74.87 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $317,258.78, a PE ratio of 20.86, a PEG ratio of 1.12 and a beta of 0.91. ExxonMobil has a fifty-two week low of $72.15 and a fifty-two week high of $89.30.
ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The firm had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. ExxonMobil had a net margin of 7.61% and a return on equity of 8.00%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. research analysts anticipate that ExxonMobil will post 4.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Friday, February 9th. ExxonMobil’s dividend payout ratio is presently 85.79%.
A number of brokerages recently weighed in on XOM. Morgan Stanley set a $90.00 price objective on ExxonMobil and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Credit Suisse Group set a $84.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. HSBC set a $80.00 price objective on ExxonMobil and gave the stock a “sell” rating in a research note on Thursday, January 18th. Goldman Sachs set a $92.00 target price on ExxonMobil and gave the company a “neutral” rating in a research report on Monday, January 22nd. Finally, Vetr raised ExxonMobil from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday, January 16th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $86.55.
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ExxonMobil Company Profile
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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