CAPROCK Group Inc. Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

CAPROCK Group Inc. trimmed its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 17.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,906 shares of the oil and gas company’s stock after selling 8,125 shares during the period. CAPROCK Group Inc.’s holdings in Exxon Mobil were worth $3,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. State Street Corp increased its position in Exxon Mobil by 0.4% during the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after buying an additional 1,128,974 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 5.1% in the fourth 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. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $3,184,424,000. GQG Partners LLC increased its holdings in shares of Exxon Mobil by 21.8% in the fourth 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. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Exxon Mobil by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock valued at $1,873,632,000 after purchasing an additional 164,733 shares during the period. 54.07% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE XOM opened at $87.86 on Thursday. The stock has a market cap of $370.11 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The business has a 50 day simple moving average of $91.53 and a 200 day simple moving average of $80.64. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business had revenue of $90.50 billion during the quarter, compared to the consensus estimate of $83.57 billion. During the same period in the prior year, the company posted $0.65 earnings per share. The firm’s revenue was up 53.0% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 10.26 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were paid a $0.88 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.01%. Exxon Mobil’s payout ratio is 58.37%.

XOM has been the topic of a number of recent research reports. StockNews.com downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Credit Suisse Group upgraded Exxon Mobil from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $115.00 to $125.00 in a research report on Tuesday. The Goldman Sachs Group raised their target price on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. MKM Partners lifted their price objective on Exxon Mobil from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 7th. Finally, Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $90.00 to $100.00 in a report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $89.24.

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

About Exxon Mobil (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 manufacture, trade, transport, 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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