BCS Wealth Management trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 13.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,596 shares of the oil and gas company’s stock after selling 1,705 shares during the period. BCS Wealth Management’s holdings in Exxon Mobil were worth $592,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of XOM. Norges Bank bought a new position in shares of Exxon Mobil in the fourth quarter worth about $1,648,683,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 223.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 15,656,605 shares of the oil and gas company’s stock worth $645,365,000 after acquiring an additional 10,818,671 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Exxon Mobil by 25.3% in the fourth quarter. Morgan Stanley now owns 24,392,033 shares of the oil and gas company’s stock worth $1,005,441,000 after acquiring an additional 4,927,441 shares during the last quarter. FMR LLC raised its holdings in Exxon Mobil by 6.8% in the 4th quarter. FMR LLC now owns 70,602,466 shares of the oil and gas company’s stock valued at $2,910,233,000 after buying an additional 4,470,829 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Exxon Mobil by 114.8% in the 4th quarter. SG Americas Securities LLC now owns 463,343 shares of the oil and gas company’s stock valued at $19,099,000 after buying an additional 3,584,657 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Exane BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 price objective on the stock in a research note on Monday, February 8th. Raymond James raised Exxon Mobil from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 20th. Bank of America reissued a “buy” rating and set a $90.00 price objective on shares of Exxon Mobil in a report on Friday. Zacks Investment Research lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a report on Monday, January 18th. Finally, Mizuho boosted their price objective on Exxon Mobil from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $55.81.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.06. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm had revenue of $59.15 billion during the quarter, compared to analyst estimates of $55.36 billion. During the same period last year, the company earned ($0.14) EPS. Exxon Mobil’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post -0.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date is Wednesday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
In other news, Director Michael J. Angelakis bought 25,000 shares of the firm’s stock in a transaction on Monday, March 1st. The stock was acquired at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $457,280. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.05% of the company’s stock.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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