Van Den Berg Management I Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM) by 6.6% during the fourth quarter, Holdings Channel reports. The firm owned 2,319 shares of the company’s stock after selling 165 shares during the period. Van Den Berg Management I Inc.’s holdings in Exxon Mobil were worth $209,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in XOM. Rockland Trust Co. increased its stake in 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 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 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 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 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. Institutional investors own 51.09% of the company’s stock.
Exxon Mobil Co. (NYSE:XOM) opened at 82.00 on Tuesday. The stock has a market capitalization of $340.01 billion, a P/E ratio of 43.69 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $80.31 and a 12 month high of $95.55. The company’s 50-day moving average is $82.42 and its 200-day moving average is $85.77.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.29. The company had revenue of $61.02 billion for the quarter, compared to analysts’ expectations of $62.28 billion. Exxon Mobil had a net margin of 3.47% and a return on equity of 5.56%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. Equities analysts anticipate that Exxon Mobil Co. will post $4.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Thursday, February 9th were paid a dividend of $0.75 per share. 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 payout ratio is currently 159.58%.
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A number of analysts have commented on XOM shares. Credit Suisse Group AG set a $78.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Wednesday, February 1st. Goldman Sachs Group Inc set a $96.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, December 26th. Macquarie set a $72.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Friday, February 3rd. BMO Capital Markets started coverage on shares of Exxon Mobil in a research report on Thursday, December 1st. They set a “market perform” rating and a $78.00 price target on the stock. 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 given a hold rating and seven have issued a buy rating to the company. Exxon Mobil has an average 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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