Barings LLC Lowers Stake in Exxon Mobil Co. (XOM)
Barings LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 168,836 shares of the oil and gas company’s stock after selling 13,400 shares during the quarter. Barings LLC’s holdings in Exxon Mobil were worth $13,841,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in XOM. Shell Asset Management Co. boosted its position in Exxon Mobil by 31.9% in the 3rd quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after buying an additional 257,727 shares during the last quarter. Toronto Dominion Bank boosted its position in Exxon Mobil by 5.5% in the 3rd quarter. Toronto Dominion Bank now owns 1,817,503 shares of the oil and gas company’s stock valued at $148,994,000 after buying an additional 95,071 shares during the last quarter. Mizuho Securities USA LLC purchased a new position in Exxon Mobil in the 3rd quarter valued at about $1,255,000. Rockefeller Financial Services Inc. boosted its position in Exxon Mobil by 15.5% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock valued at $76,511,000 after buying an additional 125,501 shares during the last quarter. Finally, West Coast Financial LLC boosted its position in Exxon Mobil by 37.0% in the 3rd quarter. West Coast Financial LLC now owns 67,185 shares of the oil and gas company’s stock valued at $5,508,000 after buying an additional 18,133 shares during the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on XOM. Goldman Sachs Group set a $92.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 22nd. Piper Jaffray Companies reissued a “hold” rating and issued a $83.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. JPMorgan Chase & Co. set a $81.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 14th. Finally, Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 price objective for the company in a research report on Monday, February 5th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $87.05.
Shares of Exxon Mobil Co. (XOM) opened at $75.55 on Friday. The firm has a market cap of $320,110.00, a PE ratio of 23.39, a P/E/G ratio of 1.02 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $73.90 and a 12 month high of $89.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. Exxon Mobil’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. analysts expect that Exxon Mobil Co. will post 4.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.08%. Exxon Mobil’s dividend payout ratio (DPR) is 95.36%.
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Exxon Mobil Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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