Barnett & Company Inc. trimmed its holdings in shares of ExxonMobil (NYSE:XOM) by 57.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240 shares of the oil and gas company’s stock after selling 1,686 shares during the period. Barnett & Company Inc.’s holdings in ExxonMobil were worth $102,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in XOM. Vanguard Group Inc. lifted its holdings in ExxonMobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in ExxonMobil by 136,463.4% during the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after acquiring an additional 7,134,305 shares in the last quarter. Stifel Financial Corp raised its stake in shares of ExxonMobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock valued at $309,285,000 after purchasing an additional 3,764,256 shares during the period. APG Asset Management N.V. raised its stake in shares of ExxonMobil by 22.6% in the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock valued at $1,132,860,000 after purchasing an additional 2,546,570 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of ExxonMobil by 34.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,841,645 shares of the oil and gas company’s stock valued at $810,213,000 after purchasing an additional 2,539,700 shares during the period. 53.12% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on XOM. JPMorgan Chase set a $83.00 price target on ExxonMobil and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Citigroup reaffirmed a “neutral” rating and issued a $81.00 target price (down previously from $84.00) on shares of ExxonMobil in a research report on Thursday, March 8th. Piper Jaffray reaffirmed a “hold” rating and issued a $83.00 target price on shares of ExxonMobil in a research report on Monday, February 5th. Societe Generale reissued a “buy” rating and set a $87.00 price target on shares of ExxonMobil in a research report on Tuesday, March 13th. Finally, Royal Bank of Canada set a $90.00 price target on ExxonMobil and gave the stock a “hold” rating in a research report on Thursday, March 8th. 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 issued a strong buy rating to the company’s stock. ExxonMobil presently has an average rating of “Hold” and an average price target of $86.55.
NYSE XOM traded down $1.15 on Friday, reaching $74.87. The company had a trading volume of 14,299,128 shares, compared to its average volume of 15,721,125. The company has a market capitalization of $322,131.84, a price-to-earnings ratio of 20.86, a PEG ratio of 1.14 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. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13.
ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The firm had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. ExxonMobil had a net margin of 7.61% and a return on equity of 8.00%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. research analysts expect that ExxonMobil will post 4.8 earnings per share for the current fiscal year.
The company 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. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.11%. ExxonMobil’s dividend payout ratio (DPR) is currently 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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