CIBC World Markets Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 196,226 shares of the oil and gas company’s stock after selling 24,889 shares during the period. CIBC World Markets Inc.’s holdings in Exxon Mobil were worth $13,693,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp raised its position in shares of Exxon Mobil by 2.5% during the 4th quarter. State Street Corp now owns 202,281,808 shares of the oil and gas company’s stock valued at $14,115,225,000 after purchasing an additional 5,019,413 shares during the period. FMR LLC raised its holdings in Exxon Mobil by 0.3% during the fourth quarter. FMR LLC now owns 57,910,545 shares of the oil and gas company’s stock valued at $4,040,997,000 after acquiring an additional 157,322 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Exxon Mobil by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,061,044 shares of the oil and gas company’s stock valued at $2,027,880,000 after acquiring an additional 1,297,401 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Exxon Mobil by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,173,029 shares of the oil and gas company’s stock valued at $1,198,334,000 after acquiring an additional 269,526 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Exxon Mobil by 0.8% in the fourth quarter. Rhumbline Advisers now owns 7,740,198 shares of the oil and gas company’s stock valued at $540,111,000 after acquiring an additional 61,650 shares in the last quarter. Institutional investors and hedge funds own 55.82% of the company’s stock.
XOM has been the subject of several research analyst reports. Credit Suisse Group cut their target price on Exxon Mobil from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. HSBC reissued a “neutral” rating and issued a $70.00 price target on shares of Exxon Mobil in a report on Wednesday, February 12th. Jefferies Financial Group restated a “neutral” rating and issued a $75.00 price target on shares of Exxon Mobil in a research note on Wednesday, January 22nd. Goldman Sachs Group reaffirmed a “sell” rating and set a $49.00 price objective on shares of Exxon Mobil in a report on Friday, March 6th. Finally, DZ Bank lowered shares of Exxon Mobil from a “hold” rating to a “sell” rating and set a price objective for the company. in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $67.63.
In other Exxon Mobil news, CEO Darren W. Woods bought 2,858 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $60.53 per share, for a total transaction of $172,994.74. Following the transaction, the chief executive officer now owns 818,032 shares of the company’s stock, valued at $49,515,476.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.05% of the company’s stock.
XOM stock opened at $41.98 on Thursday. The firm has a fifty day moving average price of $58.43 and a 200 day moving average price of $66.79. Exxon Mobil Co. has a fifty-two week low of $40.80 and a fifty-two week high of $83.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.49 and a current ratio of 0.78. The firm has a market cap of $183.72 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 2.50 and a beta of 1.10.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.89. Exxon Mobil had a net margin of 5.41% and a return on equity of 5.11%. The company had revenue of $67.17 billion for the quarter, compared to the consensus estimate of $64.58 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Exxon Mobil’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 2.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 11th were issued a $0.87 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 8.29%. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
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.
See Also: SEC Filing
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