Nelson Roberts Investment Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 33.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,194 shares of the oil and gas company’s stock after selling 17,374 shares during the period. Nelson Roberts Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TFO TDC LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Gs Investments Inc. grew its position in Exxon Mobil by 543.5% during the 4th quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 375 shares during the period. Evolution Wealth Advisors LLC grew its position in Exxon Mobil by 299.3% during the 4th quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 431 shares during the period. Quantum Capital Management acquired a new stake in Exxon Mobil during the 3rd quarter worth about $48,000. Finally, Karani Asset Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $50,000. 52.27% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Piper Jaffray Companies assumed coverage on Exxon Mobil in a research report on Tuesday, November 26th. They set a “hold” rating and a $83.00 price target on the stock. Cowen cut their price target on Exxon Mobil from $65.00 to $58.00 and set a “market perform” rating on the stock in a research report on Monday. Scotiabank downgraded Exxon Mobil from a “sector perform” rating to a “sector underperform” rating and set a $75.00 price target on the stock. in a research report on Thursday, January 23rd. Jefferies Financial Group reaffirmed a “neutral” rating and set a $75.00 price target on shares of Exxon Mobil in a research report on Wednesday, January 22nd. Finally, Citigroup cut their price target on Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $73.33.
Shares of XOM stock traded up $1.62 during mid-day trading on Friday, hitting $51.44. 62,439,873 shares of the stock were exchanged, compared to its average volume of 20,976,857. The firm has a fifty day moving average of $63.19 and a 200 day moving average of $67.99. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $48.01 and a 52-week high of $83.49. The company has a market cap of $224.29 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.80 and a beta of 1.01.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.89. Exxon Mobil had a net margin of 5.41% and a return on equity of 5.11%. The business had revenue of $67.17 billion for the quarter, compared to analyst estimates of $64.58 billion. During the same period in the prior year, the company posted $1.41 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 3.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend is Monday, February 10th. Exxon Mobil’s payout ratio is currently 154.67%.
About Exxon Mobil
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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