Exxon Mobil Co. (XOM) Stake Lessened by Lincluden Management Ltd.
Lincluden Management Ltd. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,292 shares of the oil and gas company’s stock after selling 1,275 shares during the period. Lincluden Management Ltd.’s holdings in Exxon Mobil were worth $3,001,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in XOM. Kwmg LLC acquired a new position in Exxon Mobil during the second quarter valued at $102,000. WESPAC Advisors SoCal LLC purchased a new position in Exxon Mobil in the third quarter valued at about $110,000. Mainstay Capital Management LLC ADV grew its stake in Exxon Mobil by 112.7% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 1,000 shares in the last quarter. Camarda Financial Advisors LLC grew its stake in Exxon Mobil by 175.2% in the third quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Smart Portfolios LLC grew its stake in Exxon Mobil by 97.8% in the second quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock valued at $167,000 after purchasing an additional 1,000 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors.
XOM has been the topic of a number of recent research reports. JPMorgan Chase & Co. set a $87.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, February 1st. Wolfe Research upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. HSBC restated a “buy” rating and issued a $85.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 13th. Raymond James downgraded Exxon Mobil from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 20th. Finally, Credit Suisse Group set a $79.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, December 31st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $84.52.
XOM opened at $80.15 on Friday. The stock has a market cap of $339.63 billion, a PE ratio of 16.26, a P/E/G ratio of 1.19 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The company has a quick ratio of 0.51, a current ratio of 0.84 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion during the quarter, compared to the consensus estimate of $78.87 billion. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 4.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 11th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, February 8th. This represents a $3.28 annualized dividend and a dividend yield of 4.09%. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.53%.
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Exxon Mobil 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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