Cypress Capital Group raised its stake in shares of ExxonMobil (NYSE:XOM) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,695 shares of the oil and gas company’s stock after buying an additional 5,067 shares during the quarter. ExxonMobil comprises 1.6% of Cypress Capital Group’s portfolio, making the stock its 13th biggest position. Cypress Capital Group’s holdings in ExxonMobil were worth $7,518,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of ExxonMobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares during the period. Capital Research Global Investors grew its position in shares of ExxonMobil by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after buying an additional 2,058,060 shares during the period. Dimensional Fund Advisors LP grew its position in shares of ExxonMobil by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after buying an additional 1,595,027 shares during the period. Legal & General Group Plc grew its position in shares of ExxonMobil by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock worth $1,930,784,000 after buying an additional 360,596 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of ExxonMobil by 4.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 21,402,313 shares of the oil and gas company’s stock worth $1,754,562,000 after buying an additional 878,857 shares during the period. Institutional investors own 53.12% of the company’s stock.
XOM has been the topic of several recent analyst reports. Wells Fargo set a $88.00 price objective on ExxonMobil and gave the company a “neutral” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded ExxonMobil from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Saturday, January 13th. Bank of America set a $100.00 price objective on ExxonMobil and gave the company a “buy” rating in a report on Wednesday, March 7th. Vetr cut ExxonMobil from a “buy” rating to a “hold” rating and set a $86.54 price objective on the stock. in a report on Tuesday, January 2nd. Finally, BMO Capital Markets lifted their price objective on ExxonMobil to $85.00 and gave the company a “market perform” rating in a report on Wednesday, January 10th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.55.
NYSE:XOM opened at $74.87 on Friday. The company has a market cap of $317,258.78, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.12 and a beta of 0.91. ExxonMobil has a twelve month low of $72.15 and a twelve month high of $89.30. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13.
ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The company had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. research analysts forecast that ExxonMobil will post 4.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Friday, February 9th. ExxonMobil’s dividend payout ratio (DPR) is 85.79%.
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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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