Parametric Portfolio Associates LLC decreased its position in ExxonMobil (NYSE:XOM) by 0.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,388,698 shares of the oil and gas company’s stock after selling 1,666 shares during the period. ExxonMobil accounts for approximately 0.8% of Parametric Portfolio Associates LLC’s investment portfolio, making the stock its 9th largest position. Parametric Portfolio Associates LLC owned 0.22% of ExxonMobil worth $769,685,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of XOM. Asset Management Advisors LLC raised its stake in ExxonMobil by 0.3% during the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after acquiring an additional 7 shares in the last quarter. C M Bidwell & Associates Ltd. increased its stake in ExxonMobil by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 30 shares during the period. Lehman Financial Resources Inc. increased its stake in ExxonMobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 35 shares during the period. Intellectus Partners LLC increased its stake in ExxonMobil by 0.7% in the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 41 shares during the period. Finally, Bellwether Investment Group LLC boosted its holdings in shares of ExxonMobil by 1.3% in the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after acquiring an additional 44 shares in the last quarter. 53.12% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:XOM traded down $1.15 during trading on Friday, reaching $74.87. The stock had a trading volume of 14,299,567 shares, compared to its average volume of 15,721,125. ExxonMobil has a 52 week low of $72.15 and a 52 week high of $89.30. The firm 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. 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 released 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 during 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 company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. research analysts predict that ExxonMobil will post 4.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were paid a dividend of $0.77 per share. The ex-dividend date 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 is currently 85.79%.
Several analysts have recently weighed in on the stock. Goldman Sachs reaffirmed a “neutral” rating and issued a $96.00 target price on shares of ExxonMobil in a report on Thursday, February 1st. Wells Fargo set a $88.00 price objective on shares of ExxonMobil and gave the stock a “neutral” rating in a report on Thursday, January 11th. Vetr upgraded shares of ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $92.90 target price for the company in a research report on Wednesday, December 13th. Barclays lowered shares of ExxonMobil from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $91.00 to $84.00 in a research report on Tuesday, February 6th. Finally, Bank of America set a $100.00 price target on shares of ExxonMobil and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target 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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