Exxon Mobil Co. (XOM) Position Raised by Private Advisor Group LLC
Private Advisor Group LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 329,558 shares of the company’s stock after buying an additional 7,821 shares during the period. Exxon Mobil comprises approximately 0.9% of Private Advisor Group LLC’s investment portfolio, making the stock its 11th largest position. Private Advisor Group LLC’s holdings in Exxon Mobil were worth $28,704,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Rockland Trust Co. increased its stake in shares of Exxon Mobil by 5.4% in the third quarter. Rockland Trust Co. now owns 127,632 shares of the company’s stock worth $11,140,000 after buying an additional 6,494 shares during the period. Northpointe Capital LLC increased its stake in shares of Exxon Mobil by 4.5% in the third quarter. Northpointe Capital LLC now owns 131,432 shares of the company’s stock worth $11,471,000 after buying an additional 5,689 shares during the period. Kessler Investment Group LLC increased its stake in shares of Exxon Mobil by 7.8% in the third quarter. Kessler Investment Group LLC now owns 33,551 shares of the company’s stock worth $2,928,000 after buying an additional 2,428 shares during the period. Mastrapasqua Asset Management Inc. increased its stake in shares of Exxon Mobil by 6.8% in the third quarter. Mastrapasqua Asset Management Inc. now owns 56,265 shares of the company’s stock worth $4,911,000 after buying an additional 3,594 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Exxon Mobil by 1.0% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 6,613,899 shares of the company’s stock worth $577,261,000 after buying an additional 62,325 shares during the period. 51.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Co. (NYSE:XOM) opened at 82.00 on Tuesday. Exxon Mobil Co. has a 52-week low of $80.31 and a 52-week high of $95.55. The firm has a market cap of $340.01 billion, a PE ratio of 43.69 and a beta of 0.91. The firm has a 50-day moving average of $82.42 and a 200 day moving average of $85.77.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Tuesday, January 31st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.29. The company earned $61.02 billion during the quarter, compared to the consensus estimate of $62.28 billion. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS. On average, equities analysts predict that Exxon Mobil Co. will post $4.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Thursday, February 9th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.66%. Exxon Mobil’s dividend payout ratio (DPR) is currently 159.58%.
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A number of equities analysts have recently commented on XOM shares. Credit Suisse Group AG set a $78.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Wednesday, February 1st. Goldman Sachs Group Inc set a $96.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, December 26th. Macquarie set a $72.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Friday, February 3rd. BMO Capital Markets started coverage on shares of Exxon Mobil in a report on Thursday, December 1st. They set a “market perform” rating and a $78.00 price objective for the company. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating in a report on Thursday, February 9th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $89.44.
Exxon Mobil Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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