Sei Investments Co. Acquires 479,017 Shares of ExxonMobil Corporation $XOM

Sei Investments Co. increased its holdings in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 32.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,975,677 shares of the oil and gas company’s stock after acquiring an additional 479,017 shares during the quarter. Sei Investments Co.’s holdings in ExxonMobil were worth $335,199,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of ExxonMobil by 2.0% during the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock worth $9,043,836,000 after purchasing an additional 1,457,560 shares during the period. Norges Bank acquired a new stake in ExxonMobil in the fourth quarter valued at $7,625,063,000. Bank of New York Mellon Corp increased its holdings in ExxonMobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after purchasing an additional 531,362 shares during the period. Northern Trust Corp raised its position in ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after purchasing an additional 445,283 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in ExxonMobil by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock worth $4,102,708,000 after purchasing an additional 293,446 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Stock Down 0.0%

ExxonMobil stock opened at $156.88 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The firm’s fifty day moving average is $145.91 and its 200 day moving average is $147.45. The company has a market capitalization of $650.28 billion, a PE ratio of 26.46, a PEG ratio of 0.65 and a beta of 0.17.

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 (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, sell-side analysts predict that ExxonMobil Corporation will post 11.55 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XOM shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Tuesday, June 16th. Wells Fargo & Company lifted their price objective on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Sanford C. Bernstein decreased their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. One research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.25.

Get Our Latest Stock Report on XOM

ExxonMobil Company 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.

See Also

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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