Lowe Brockenbrough & Co. Inc. raised its position in Exxon Mobil Co. (NYSE:XOM) by 1.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 286,529 shares of the oil and gas company’s stock after purchasing an additional 3,180 shares during the period. Exxon Mobil accounts for about 3.2% of Lowe Brockenbrough & Co. Inc.’s portfolio, making the stock its largest position. Lowe Brockenbrough & Co. Inc.’s holdings in Exxon Mobil were worth $23,152,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Cordasco Financial Network raised its holdings in Exxon Mobil by 4.1% in the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 148 shares during the period. Sippican Capital Advisors raised its holdings in Exxon Mobil by 1.0% in the 4th quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock valued at $1,044,000 after buying an additional 150 shares during the period. First National Bank of Hutchinson raised its holdings in Exxon Mobil by 1.2% in the 4th quarter. First National Bank of Hutchinson now owns 13,896 shares of the oil and gas company’s stock valued at $948,000 after buying an additional 162 shares during the period. Bridgeworth LLC raised its holdings in Exxon Mobil by 3.1% in the 4th quarter. Bridgeworth LLC now owns 5,583 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 167 shares during the period. Finally, Altfest L J & Co. Inc. raised its holdings in Exxon Mobil by 0.5% in the 4th quarter. Altfest L J & Co. Inc. now owns 36,427 shares of the oil and gas company’s stock valued at $2,484,000 after buying an additional 170 shares during the period. 54.55% of the stock is owned by institutional investors.
In other news, VP Bryan W. Milton sold 6,033 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.
Shares of XOM opened at $74.35 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. The company has a market capitalization of $314.58 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.53 and a beta of 0.95. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). The business had revenue of $63.63 billion during the quarter, compared to analyst estimates of $67.35 billion. Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 3.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 13th were issued a $0.87 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Friday, May 10th. Exxon Mobil’s dividend payout ratio is presently 70.59%.
A number of analysts have issued reports on XOM shares. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research note on Tuesday, February 19th. HSBC reiterated a “buy” rating and set a $86.50 price target on shares of Exxon Mobil in a research note on Wednesday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a research note on Tuesday, February 26th. Credit Suisse Group set a $79.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Finally, Mizuho set a $84.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $84.81.
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Exxon Mobil 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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