ExxonMobil Corporation $XOM Stock Holdings Decreased by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. lowered its stake in ExxonMobil Corporation (NYSE:XOMFree Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,915 shares of the oil and gas company’s stock after selling 6,102 shares during the period. ExxonMobil makes up approximately 5.2% of Van Den Berg Management I Inc.’s portfolio, making the stock its 2nd biggest holding. Van Den Berg Management I Inc.’s holdings in ExxonMobil were worth $22,890,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in ExxonMobil in the 4th quarter valued at $7,625,063,000. Quantum Portfolio Management LLC acquired a new stake in shares of ExxonMobil in the 1st quarter worth $965,932,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ExxonMobil in the 1st quarter worth $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of ExxonMobil by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock valued at $1,925,119,000 after acquiring an additional 2,465,410 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of ExxonMobil by 334.4% in the fourth quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock valued at $368,541,000 after acquiring an additional 2,357,467 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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ExxonMobil Stock Down 0.0%

XOM stock opened at $156.88 on Monday. The company has a market cap of $650.28 billion, a P/E ratio of 26.46, a P/E/G ratio of 0.64 and a beta of 0.17. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The company’s 50-day moving average price is $145.91 and its 200 day moving average price is $147.60. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts expect that ExxonMobil Corporation will post 11.55 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen cut their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Scotiabank boosted their target price on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. Barclays lifted their price target on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.25.

Read Our Latest Stock Report on ExxonMobil

ExxonMobil Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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