ExxonMobil (XOM) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in ExxonMobil (NYSE:XOM) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 337,384 shares of the oil and gas company’s stock after selling 32,212 shares during the period. ExxonMobil comprises approximately 0.7% of Oppenheimer & Co. Inc.’s investment portfolio, making the stock its 18th largest position. Oppenheimer & Co. Inc.’s holdings in ExxonMobil were worth $28,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of ExxonMobil by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock valued at $2,286,658,000 after purchasing an additional 1,595,027 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of ExxonMobil by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock valued at $1,930,784,000 after purchasing an additional 360,596 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of ExxonMobil by 6.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 22,716,523 shares of the oil and gas company’s stock valued at $1,899,993,000 after purchasing an additional 1,314,210 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of ExxonMobil by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 18,988,328 shares of the oil and gas company’s stock valued at $1,556,586,000 after purchasing an additional 527,894 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of ExxonMobil by 22.2% in the 4th quarter. APG Asset Management N.V. now owns 16,887,241 shares of the oil and gas company’s stock valued at $1,176,257,000 after purchasing an additional 3,068,500 shares in the last quarter. Institutional investors own 51.98% of the company’s stock.

ExxonMobil stock opened at $82.15 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.80 and a quick ratio of 0.50. ExxonMobil has a 52-week low of $72.15 and a 52-week high of $89.30. The company has a market cap of $348.66 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.18 and a beta of 0.90.



ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.05). ExxonMobil had a return on equity of 8.22% and a net margin of 7.72%. The firm had revenue of $68.21 billion for the quarter, compared to the consensus estimate of $61.49 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. analysts forecast that ExxonMobil will post 4.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 14th will be issued a dividend of $0.82 per share. This is a positive change from ExxonMobil’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, May 11th. This represents a $3.28 annualized dividend and a yield of 3.99%. ExxonMobil’s dividend payout ratio (DPR) is presently 91.36%.

XOM has been the topic of a number of research analyst reports. Morgan Stanley set a $90.00 price target on shares of ExxonMobil and gave the company a “sell” rating in a research note on Wednesday, January 24th. Goldman Sachs Group reiterated a “neutral” rating and issued a $96.00 price objective on shares of ExxonMobil in a report on Thursday, February 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $83.00 price objective on shares of ExxonMobil in a report on Monday, February 5th. Credit Suisse Group dropped their price objective on shares of ExxonMobil from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, Jefferies Group reiterated a “neutral” rating and issued a $87.00 price objective on shares of ExxonMobil in a report on Monday, February 5th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. ExxonMobil currently has an average rating of “Hold” and a consensus target price of $86.41.

ExxonMobil 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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