CHURCHILL MANAGEMENT Corp reduced its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.5% during the first quarter, Holdings Channel.com reports. The firm owned 165,788 shares of the oil and gas company’s stock after selling 805 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Exxon Mobil were worth $13,692,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock worth $15,494,002,000 after purchasing an additional 1,128,974 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock worth $4,322,078,000 after purchasing an additional 3,441,825 shares in the last quarter. Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter worth $3,184,424,000. GQG Partners LLC lifted its holdings in shares of Exxon Mobil by 21.8% in the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after purchasing an additional 5,807,202 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock worth $1,873,632,000 after purchasing an additional 164,733 shares in the last quarter. Institutional investors own 54.07% of the company’s stock.
Several brokerages have weighed in on XOM. Wells Fargo & Company raised their price objective on Exxon Mobil from $93.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, March 11th. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $90.00 to $100.00 in a research note on Thursday, April 21st. Cowen raised their price objective on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Morgan Stanley raised their price objective on Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, June 6th. Finally, JPMorgan Chase & Co. set a $100.00 price objective on Exxon Mobil in a research note on Tuesday, March 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $89.24.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion during the quarter, compared to the consensus estimate of $83.57 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The firm’s revenue for the quarter was up 53.0% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were paid a $0.88 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.52 annualized dividend and a yield of 4.01%. Exxon Mobil’s dividend payout ratio is currently 58.37%.
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.
Exxon Mobil Company Profile (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, 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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