Valeo Financial Advisors LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,596 shares of the oil and gas company’s stock after selling 1,006 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Exxon Mobil were worth $3,587,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC lifted its stake in Exxon Mobil by 625.3% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 469 shares during the last quarter. Cerebellum GP LLC lifted its stake in Exxon Mobil by 3,424.1% in the fourth quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 993 shares during the last quarter. NuWave Investment Management LLC lifted its stake in Exxon Mobil by 9,100.0% in the fourth quarter. NuWave Investment Management LLC now owns 1,472 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 1,456 shares during the last quarter. Colrain Capital LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $101,000. Finally, CenterStar Asset Management LLC lifted its stake in Exxon Mobil by 120.3% in the fourth quarter. CenterStar Asset Management LLC now owns 1,539 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 9,139 shares during the last quarter. 53.86% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the stock. HSBC reiterated a “neutral” rating and issued a $86.50 price target on shares of Exxon Mobil in a research note on Thursday. Morgan Stanley decreased their price target on shares of Exxon Mobil from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, May 16th. Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 price target on shares of Exxon Mobil in a research note on Monday, April 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $87.00 price target on shares of Exxon Mobil in a research note on Friday, April 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and an average price target of $84.81.
In other news, VP Bryan W. Milton sold 6,033 shares of Exxon Mobil stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total value of $460,559.22. Following the transaction, the vice president now directly owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
XOM stock opened at $73.79 on Friday. The company has a market cap of $323.11 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.59 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). The business had revenue of $63.63 billion during the quarter, compared to analyst estimates of $67.35 billion. Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 3.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.72%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, May 10th. Exxon Mobil’s payout ratio is presently 70.59%.
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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 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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