Wealthsource Partners LLC reduced its position in ExxonMobil (NYSE:XOM) by 13.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,116 shares of the oil and gas company’s stock after selling 6,007 shares during the period. ExxonMobil comprises approximately 1.1% of Wealthsource Partners LLC’s holdings, making the stock its 24th largest position. Wealthsource Partners LLC’s holdings in ExxonMobil were worth $3,207,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in ExxonMobil by 3.5% in 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 purchasing an additional 10,366,636 shares during the period. First Eagle Investment Management LLC grew its position in shares of ExxonMobil by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after acquiring an additional 7,134,305 shares during the period. Stifel Financial Corp grew its position in shares of ExxonMobil by 37,429.2% during 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 acquiring an additional 3,764,256 shares during the period. APG Asset Management N.V. grew its position in shares of ExxonMobil by 22.6% during 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 acquiring an additional 2,546,570 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of ExxonMobil by 34.8% during 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 acquiring an additional 2,539,700 shares during the period. Institutional investors own 53.12% of the company’s stock.
A number of brokerages have recently issued reports on XOM. Morgan Stanley set a $90.00 price objective on shares of ExxonMobil and gave the company a “sell” rating in a research report on Wednesday, January 24th. Credit Suisse Group set a $84.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. HSBC set a $80.00 price objective on shares of ExxonMobil and gave the company a “sell” rating in a research report on Thursday, January 18th. Goldman Sachs set a $92.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Monday, January 22nd. Finally, Vetr raised shares of ExxonMobil from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, January 16th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $86.55.
XOM stock traded down $1.15 during mid-day trading on Friday, hitting $74.87. The company had a trading volume of 14,299,567 shares, compared to its average volume of 15,721,125. The stock has a market cap of $322,131.84, a P/E ratio of 20.86, a PEG ratio of 1.14 and a beta of 0.91. ExxonMobil has a 12-month low of $72.15 and a 12-month 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 announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.18). The company had revenue of $66.52 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $0.41 EPS. analysts anticipate 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 paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.11%. The ex-dividend date was Friday, February 9th. ExxonMobil’s payout ratio is currently 85.79%.
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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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