UMB Bank n.a. cut its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 436,471 shares of the oil and gas company’s stock after selling 22,974 shares during the period. UMB Bank n.a.’s holdings in Exxon Mobil were worth $48,143,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of XOM. FMR LLC boosted its holdings in shares of Exxon Mobil by 14.9% in the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after buying an additional 17,521,080 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 94.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after buying an additional 560,517 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Exxon Mobil by 12.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after buying an additional 3,094,957 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Exxon Mobil by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after buying an additional 3,131,617 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently commented on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Wells Fargo & Company increased their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. Mizuho increased their price target on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Finally, HSBC increased their price target on Exxon Mobil to $111.00 in a research note on Friday, December 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.
Exxon Mobil Stock Down 1.2 %
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter last year, the business earned $2.05 earnings per share. Exxon Mobil’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is currently 27.45%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by company insiders.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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