Hudson Valley Investment Advisors Inc. ADV reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.4% during the first quarter, according to its latest disclosure to the Securities and Exchange Commission ( DRY). The institutional investor owned 87,172 shares of the oil and gas company after selling 2,114 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Exxon Mobil were worth $7,200,000 at the end of the last quarter.
Several other institutional investors and hedge funds have also recently increased or reduced their stakes in the stock. State Street Corp raised its position in Exxon Mobil by 0.4% in the fourth quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company worth $15,494,002,000 after acquiring an additional 1,128,974 shares during the period. Geode Capital Management LLC increased its position in Exxon Mobil shares by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company valued at $4,322,078,000 after purchasing an additional 3,441,825 shares during the period. Norges Bank bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $3,184,424,000. GQG Partners LLC increased its position in Exxon Mobil shares by 21.8% in the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company valued at $1,982,114,000 after purchasing an additional 5,807,202 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Exxon Mobil shares by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company valued at $1,873,632,000 after purchasing an additional 164,733 shares during the period. 54.07% of the shares are currently held by institutional investors.
Shares of XOM opened at $87.55 on Friday. The company has a market capitalization of $368.81 billion, a price-earnings ratio of 14.52, a PEG ratio of 0.35 and a beta of 1.05. The company has a debt ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The company has a 50-day moving average price of $91.57 and a 200-day moving average price of $81.88.
Exxon Mobil (NYSE:XOM – Get Rating) last reported quarterly earnings data on Friday, April 29. The oil and gas company reported earnings per share of $2.07 for the quarter, missing consensus analyst estimates of $2.25 per ($0.18). The company posted revenue of $90.50 billion in the quarter, versus a consensus estimate of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company’s revenue increased by 53.0% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings of $0.65 per share. As a group, equity research analysts expect Exxon Mobil Co. to post earnings per share of 10.26 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Friday, May 13 received a dividend of $0.88. The ex-dividend date was Thursday, May 12. This represents a dividend of $3.52 on an annualized basis and a dividend yield of 4.02%. Exxon Mobil’s payout ratio is 58.37%.
Separately, Vice Chairman Darrin L. Talley sold 2,500 shares of the company in a trade on Thursday, May 26. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares of the company, valued at approximately $3,142,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Additionally, Vice Chairman Darrin L. Talley sold 2,147 shares of the company in a trade on Tuesday, June 7. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the sale, the vice president now owns 30,363 shares of the company, valued at $3,121,620.03. The disclosure of this sale can be found here. Company insiders own 0.04% of the company’s shares.
Several analysts have recently released reports on the stock. Cowen raised his price target on Exxon Mobil shares from $77.00 to $90.00 in a Monday, May 2 research report. Goldman Sachs Group raised its price target on Exxon Mobil shares from $104.00 to $117.00 and gave the company a “buy” rating in a Wednesday, June 8 research report. Argus raised its price target on Exxon Mobil shares from $92.00 to $104.00 in a Monday, May 9 research report. Citigroup raised its price target on Exxon Mobil shares from $80.00 to $90.00 and gave the company a “neutral” rating in a Thursday, May 19 research note. Finally, Credit Suisse Group upgraded Exxon Mobil shares from a “neutral” rating to an “outperforming” rating and raised its price target for the company from $115.00 to $125.00 in a rating. research on Tuesday, June 21. Two equity research analysts gave the stock a sell rating, nine gave the company a hold rating and eleven gave the company a buy rating. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.48.
Profile of Exxon Mobil (Get an evaluation)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and around the world. It operates through Upstream, Downstream and Chemicals segments. The Company is also involved in the manufacture, trade, transportation 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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