Silvercrest Asset Management Group LLC cut its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 666,770 shares of the oil and gas company’s stock after selling 560 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Exxon Mobil were worth $71,724,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Finally, Barclays cut their price target on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.
Exxon Mobil Stock Performance
XOM opened at $108.44 on Friday. The business has a 50 day moving average price of $109.00 and a two-hundred day moving average price of $110.91. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market capitalization of $467.34 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the business posted $2.06 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is presently 52.52%.
Exxon Mobil Profile
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.
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