Ensign Peak Advisors Inc Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Ensign Peak Advisors Inc reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.7% during the 4th quarter, HoldingsChannel reports. The firm owned 5,029,894 shares of the oil and gas company’s stock after selling 359,608 shares during the period. Exxon Mobil comprises about 1.0% of Ensign Peak Advisors Inc’s investment portfolio, making the stock its 15th largest holding. Ensign Peak Advisors Inc’s holdings in Exxon Mobil were worth $541,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Manhattan CO. LLC. lifted its position in shares of Exxon Mobil by 0.7% in the 4th quarter. First Manhattan CO. LLC. now owns 200,022 shares of the oil and gas company’s stock worth $21,516,000 after purchasing an additional 1,356 shares during the period. Fullcircle Wealth LLC increased its holdings in shares of Exxon Mobil by 7.9% in the 4th quarter. Fullcircle Wealth LLC now owns 9,138 shares of the oil and gas company’s stock valued at $988,000 after acquiring an additional 667 shares during the period. Clarity Asset Management Inc. raised its position in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Coastal Bridge Advisors LLC lifted its stake in shares of Exxon Mobil by 1.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 106,532 shares of the oil and gas company’s stock worth $11,460,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Exxon Mobil by 10.1% during the fourth quarter. Deutsche Bank AG now owns 11,612,582 shares of the oil and gas company’s stock valued at $1,249,165,000 after purchasing an additional 1,066,374 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on XOM. HSBC decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Exxon Mobil Stock Up 1.4 %

XOM stock opened at $106.10 on Friday. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm’s fifty day moving average is $108.97 and its 200 day moving average is $111.30. The firm has a market cap of $458.91 billion, a PE ratio of 13.53, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is presently 52.52%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.