Bowling Portfolio Management LLC lifted its stake in shares of ExxonMobil (NYSE:XOM) by 28.1% during the 4th quarter, HoldingsChannel reports. The firm owned 70,462 shares of the oil and gas company’s stock after buying an additional 15,445 shares during the period. ExxonMobil makes up 0.8% of Bowling Portfolio Management LLC’s investment portfolio, making the stock its 21st biggest position. Bowling Portfolio Management LLC’s holdings in ExxonMobil were worth $5,893,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its stake in ExxonMobil by 31.9% in the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after buying an additional 257,727 shares in the last quarter. Toronto Dominion Bank boosted its stake in ExxonMobil by 5.5% in the third quarter. Toronto Dominion Bank now owns 1,817,503 shares of the oil and gas company’s stock valued at $148,994,000 after buying an additional 95,071 shares in the last quarter. Mizuho Securities USA LLC acquired a new stake in ExxonMobil in the third quarter valued at about $1,255,000. Gratus Capital LLC boosted its stake in ExxonMobil by 2.7% in the third quarter. Gratus Capital LLC now owns 110,068 shares of the oil and gas company’s stock valued at $9,023,000 after buying an additional 2,918 shares in the last quarter. Finally, B. Riley Financial Inc. acquired a new stake in ExxonMobil in the third quarter valued at about $429,000. 53.12% of the stock is currently owned by institutional investors.
Shares of XOM opened at $74.87 on Friday. ExxonMobil has a 1 year low of $72.15 and a 1 year 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. The stock has a market cap of $322,131.84, a PE ratio of 20.86, a P/E/G ratio of 1.14 and a beta of 0.91.
ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. The company had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. During the same quarter last year, the business earned $0.41 earnings per share. ExxonMobil’s revenue was up 9.0% compared to the same quarter last year. research analysts anticipate that ExxonMobil will post 4.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders 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 dividend yield of 4.11%. ExxonMobil’s dividend payout ratio (DPR) is 85.79%.
XOM has been the topic of several research analyst reports. Vetr lowered ExxonMobil from a “strong-buy” rating to a “buy” rating and set a $87.14 price objective on the stock. in a research note on Tuesday, February 27th. Jefferies Group set a $90.00 price objective on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, January 19th. Barclays reaffirmed a “sell” rating and issued a $84.00 price objective on shares of ExxonMobil in a research note on Tuesday, February 20th. Societe Generale reaffirmed a “buy” rating and issued a $87.00 price objective on shares of ExxonMobil in a research note on Tuesday, March 13th. Finally, JPMorgan Chase set a $83.00 price objective on ExxonMobil and gave the company a “neutral” rating in a research note on Monday, January 8th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $86.55.
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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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