Shelton Capital Management grew its position in ExxonMobil (NYSE:XOM) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,251 shares of the oil and gas company’s stock after buying an additional 9,975 shares during the period. ExxonMobil accounts for approximately 1.2% of Shelton Capital Management’s investment portfolio, making the stock its 12th largest position. Shelton Capital Management’s holdings in ExxonMobil were worth $17,810,000 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.
XOM has been the topic of a number of research analyst reports. 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. Zacks Investment Research raised shares of ExxonMobil from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Saturday, January 13th. Bank of America set a $100.00 price objective on shares of ExxonMobil and gave the company a “buy” rating in a research report on Wednesday, March 7th. Vetr lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $86.54 price target for the company. in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets increased their price objective on shares of ExxonMobil to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, January 10th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. ExxonMobil currently has an average rating of “Hold” and a consensus target price of $86.55.
Shares of ExxonMobil stock traded down $1.15 during midday 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. ExxonMobil has a 1-year low of $72.15 and a 1-year 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. The company has a market cap of $317,258.78, a price-to-earnings ratio of 20.86, a PEG ratio of 1.12 and a beta of 0.91.
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 Zacks’ consensus estimate of $1.06 by ($0.18). The business 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 quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. research analysts forecast that ExxonMobil will post 4.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were issued 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 dividend yield of 4.11%. ExxonMobil’s payout ratio is presently 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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