Cypress Wealth Services LLC Grows Holdings in Exxon Mobil Co. (XOM)
Cypress Wealth Services LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,119 shares of the oil and gas company’s stock after buying an additional 6,160 shares during the period. Exxon Mobil accounts for 1.9% of Cypress Wealth Services LLC’s investment portfolio, making the stock its 10th biggest position. Cypress Wealth Services LLC’s holdings in Exxon Mobil were worth $5,056,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in XOM. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at $122,000. Winfield Associates Inc. purchased a new stake in shares of Exxon Mobil in the second quarter valued at $160,000. Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil in the first quarter valued at $149,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter valued at $197,000. Finally, Lesa Sroufe & Co purchased a new stake in shares of Exxon Mobil in the second quarter valued at $200,000. 52.39% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Exxon Mobil in a research report on Monday. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Thursday, October 25th. BNP Paribas set a $80.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research report on Tuesday. Credit Suisse Group set a $80.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, July 30th. Finally, Berenberg Bank reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil in a research report on Monday, November 5th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $87.00.
Shares of Exxon Mobil stock opened at $76.97 on Wednesday. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The firm has a market capitalization of $334.59 billion, a P/E ratio of 21.44, a PEG ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The firm had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 4.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is currently 91.36%.
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Exxon Mobil Company 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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