Thrivent Financial for Lutherans raised its stake in Exxon Mobil Co. (NYSE:XOM) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 860,909 shares of the oil and gas company’s stock after purchasing an additional 59,656 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Exxon Mobil were worth $60,456,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC lifted its position in shares of Exxon Mobil by 0.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,150,490 shares of the oil and gas company’s stock worth $146,642,000 after purchasing an additional 13,047 shares in the last quarter. Pope Asset Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth about $297,000. RB Capital Management LLC lifted its position in shares of Exxon Mobil by 11.1% during the fourth quarter. RB Capital Management LLC now owns 8,608 shares of the oil and gas company’s stock worth $587,000 after purchasing an additional 859 shares in the last quarter. Triangle Securities Wealth Management lifted its position in shares of Exxon Mobil by 0.4% during the fourth quarter. Triangle Securities Wealth Management now owns 48,699 shares of the oil and gas company’s stock worth $3,321,000 after purchasing an additional 194 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Exxon Mobil by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 2,179,904 shares of the oil and gas company’s stock worth $185,335,000 after purchasing an additional 20,875 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.
XOM has been the topic of several research reports. Royal Bank of Canada reissued a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 19th. Wells Fargo & Co increased their price target on shares of Exxon Mobil from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 26th. Mizuho set a $84.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Thursday, March 7th. Finally, Zacks Investment Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 16th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $84.81.
In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total value of $460,559.22. Following the transaction, the vice president now directly owns 219,423 shares in the company, valued at $16,750,751.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil stock traded down $0.19 during mid-day trading on Friday, hitting $74.49. The company had a trading volume of 194,412 shares, compared to its average volume of 9,665,422. The firm has a market capitalization of $313.23 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.52 and a beta of 0.95. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). The company had revenue of $63.63 billion during the quarter, compared to analysts’ expectations of $67.35 billion. Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 3.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 13th were paid a $0.87 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 annualized dividend and a yield of 4.67%. The ex-dividend date was Friday, May 10th. Exxon Mobil’s dividend payout ratio is currently 70.59%.
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Exxon Mobil 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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