Goelzer Investment Management Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,834 shares of the oil and gas company’s stock after selling 22,534 shares during the period. Exxon Mobil makes up 1.6% of Goelzer Investment Management Inc.’s investment portfolio, making the stock its 9th largest holding. Goelzer Investment Management Inc.’s holdings in Exxon Mobil were worth $18,624,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC raised its position in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Morgan Stanley raised its position in Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the 4th quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD raised its position in Exxon Mobil by 3.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock valued at $4,523,610,000 after buying an additional 1,344,934 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after buying an additional 560,517 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on XOM shares. HSBC increased their price target on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Wednesday. Jefferies Financial Group decreased their target price on Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Finally, Morgan Stanley decreased their target price on Exxon Mobil from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $124.66.
Exxon Mobil Stock Up 1.8 %
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The business had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter last year, the company earned $2.07 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 9.45 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.
Insider Activity
In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Company Profile
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
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