Crew Capital Management Ltd. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,711 shares of the oil and gas company’s stock after selling 113 shares during the quarter. Exxon Mobil comprises 1.1% of Crew Capital Management Ltd.’s portfolio, making the stock its 23rd largest position. Crew Capital Management Ltd.’s holdings in Exxon Mobil were worth $740,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 94.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Exxon Mobil by 1,505.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after purchasing an additional 9,124,095 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $347,253,000. Legal & General Group Plc lifted its holdings in shares of Exxon Mobil by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 12.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after purchasing an additional 3,094,957 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.
Wall Street Analysts Forecast Growth
XOM has been the topic of a number of recent research reports. StockNews.com initiated coverage on Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Argus increased their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $120.00 to $135.00 in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.64.
Insider Activity
Exxon Mobil Stock Up 2.2 %
Shares of Exxon Mobil stock opened at $105.80 on Tuesday. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63. The firm has a market capitalization of $430.71 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $110.89 and its 200-day moving average is $106.99.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The company had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 10.08 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.44%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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