Ipswich Investment Management Co. Inc. reduced its stake in Exxon Mobil Co. (NYSE: XOM – Get Rating ) by 5.4% during the first quarter, Holdings Channel reports. The fund owned 112,915 shares of the oil and gas company’s stock after selling 6,438 shares during the quarter. Exxon Mobil comprises 2.3% of Ipswich Investment Management Co’s portfolio. Inc., making the stock its 6th largest holding. Ipswich Investment Management Co.’s holdings. Inc. in Exxon Mobil were worth $9,326,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Norges Bank purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $3,184,424,000. GQG Partners LLC boosted its holdings in Exxon Mobil by 21.8% in the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after purchasing an additional 5,807,202 shares during the period. Renaissance Technologies LLC boosted its holdings in Exxon Mobil by 134.3% during the 4th quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock valued at $386,314,000 after buying an additional 3,619,270 shares during the period. Geode Capital Management LLC boosted its holdings in Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after purchasing an additional 3,441,825 shares during the period. Finally, American Century Companies Inc. grew its holdings in Exxon Mobil by 324.1% in the 4th quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock valued at $160,209,000 after purchasing an additional 2,000,928 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s shares.
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at $3,142,091.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. Disclosure of this sale can be found here. Corporate insiders own 0.04% of the company’s stock.
Shares of XOM stock opened at $86.08 on Friday. The stock has a 50-day moving average of $91.69 and a 200-day moving average of $82.90. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market cap of $362.62 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week high of $105.57.
Exxon Mobil (NYSE:XOM – Get Rating ) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. On average, equities analysts expect Exxon Mobil Co. to post 11.2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a $0.88 dividend. This represents an annualized dividend of $3.52 and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is 58.37%.
Several analysts recently issued reports on XOM shares. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $115.00 to $125.00 in a report on Tuesday, June 21st. Cowen boosted their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Argus boosted their price objective on shares of Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Cowen boosted their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Finally, StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $90.48, according to MarketBeat.
Exxon Mobil Profile (Get Rating)
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 production, trading, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics and various other petrochemicals; and captures and stores carbon, hydrogen and biofuels.
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