Crossvault Capital Management LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Crossvault Capital Management LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 4.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,442 shares of the oil and gas company’s stock after selling 528 shares during the quarter. Crossvault Capital Management LLC’s holdings in Exxon Mobil were worth $695,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Zeke Capital Advisors LLC lifted its stake in Exxon Mobil by 1.8% in the 1st quarter. Zeke Capital Advisors LLC now owns 10,326 shares of the oil and gas company’s stock valued at $577,000 after buying an additional 179 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 1.8% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 10,523 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 185 shares during the period. Heritage Wealth Advisors lifted its stake in shares of Exxon Mobil by 0.6% during the 1st quarter. Heritage Wealth Advisors now owns 33,582 shares of the oil and gas company’s stock worth $1,875,000 after purchasing an additional 186 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Exxon Mobil by 0.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 52,489 shares of the oil and gas company’s stock worth $2,923,000 after purchasing an additional 204 shares during the period. Finally, AIMZ Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 1.5% during the 4th quarter. AIMZ Investment Advisors LLC now owns 14,247 shares of the oil and gas company’s stock worth $587,000 after purchasing an additional 211 shares during the period. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

In other Exxon Mobil news, Director Michael J. Angelakis bought 25,000 shares of the business’s stock in a transaction on Monday, March 1st. The shares were purchased at an average price of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $457,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

A number of research analysts have weighed in on XOM shares. Evercore ISI started coverage on Exxon Mobil in a research note on Tuesday, February 23rd. They set an “inline” rating and a $48.00 price target on the stock. Wells Fargo & Company upped their price objective on Exxon Mobil from $53.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, March 2nd. Royal Bank of Canada set a $60.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a report on Friday. Citigroup upped their price objective on Exxon Mobil from $44.00 to $53.00 in a report on Thursday, March 4th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $65.00 price objective on shares of Exxon Mobil in a report on Tuesday, March 16th. One equities 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.81.

NYSE XOM traded up $0.34 during trading hours on Tuesday, reaching $59.16. The company’s stock had a trading volume of 485,514 shares, compared to its average volume of 29,012,047. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $56.85 and a 200 day simple moving average of $47.38. Exxon Mobil Co. has a 52 week low of $31.11 and a 52 week high of $62.55. The stock has a market cap of $250.46 billion, a PE ratio of 35.01 and a beta of 1.31.

Exxon Mobil (NYSE:XOM) last issued its 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 net margin of 3.24% and a return on equity of 2.09%. The firm had revenue of $59.15 billion for the quarter, compared to analysts’ expectations of $55.36 billion. During the same quarter last year, the company posted ($0.14) earnings per share. Exxon Mobil’s revenue was up 5.3% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post -0.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.88%. Exxon Mobil’s dividend payout ratio is currently 154.67%.

Exxon Mobil Profile

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.

Featured Article: What is a SEC Filing?

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.