Stolper Co Sells 1,088 Shares of Exxon Mobil Co. (NYSE:XOM)

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Stolper Co decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,726 shares of the oil and gas company’s stock after selling 1,088 shares during the quarter. Stolper Co’s holdings in Exxon Mobil were worth $703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp lifted its position in Exxon Mobil by 2.1% in the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock valued at $7,840,960,000 after acquiring an additional 4,222,270 shares in the last quarter. Capital Research Global Investors increased its stake in Exxon Mobil by 7.6% in the 4th quarter. Capital Research Global Investors now owns 66,388,650 shares of the oil and gas company’s stock valued at $4,632,600,000 after buying an additional 4,674,009 shares during the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 62,862,809 shares of the oil and gas company’s stock valued at $2,383,010,000 after buying an additional 893,003 shares during the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the 4th quarter valued at about $3,055,993,000. Finally, First Eagle Investment Management LLC increased its stake in Exxon Mobil by 38.2% in the 1st quarter. First Eagle Investment Management LLC now owns 27,551,706 shares of the oil and gas company’s stock valued at $1,046,138,000 after buying an additional 7,611,498 shares during the last quarter. 52.23% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil stock traded down $1.57 during mid-day trading on Thursday, reaching $41.57. The company’s stock had a trading volume of 810,580 shares, compared to its average volume of 23,742,476. Exxon Mobil Co. has a 12-month low of $30.11 and a 12-month high of $77.88. The company has a market capitalization of $182.83 billion, a P/E ratio of 15.83 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. The firm’s fifty day moving average price is $46.42 and its two-hundred day moving average price is $51.41.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.49. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The business had revenue of $56.16 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same period in the previous year, the business earned $0.55 EPS. Exxon Mobil’s revenue was down 11.7% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post -1.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 8.37%. The ex-dividend date was Tuesday, May 12th. Exxon Mobil’s payout ratio is 154.67%.

Several equities research analysts have commented on XOM shares. Wells Fargo & Co increased their price objective on shares of Exxon Mobil from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. Standpoint Research lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. CSFB reiterated a “neutral” rating and issued a $48.00 price objective on shares of Exxon Mobil in a research note on Thursday, March 12th. Finally, Morgan Stanley decreased their price target on shares of Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, March 16th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $56.09.

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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