Exxon Mobil Co. (NYSE:XOM) Shares Sold by Old Port Advisors

Old Port Advisors cut its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 28.9% in the first quarter, HoldingsChannel reports. The firm owned 14,554 shares of the oil and gas company’s stock after selling 5,908 shares during the period. Old Port Advisors’ holdings in Exxon Mobil were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $3,184,424,000. GQG Partners LLC raised its position in shares of Exxon Mobil by 21.8% in the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after acquiring an additional 5,807,202 shares during the period. Renaissance Technologies LLC raised its position in shares of Exxon Mobil by 134.3% in the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock worth $386,314,000 after acquiring an additional 3,619,270 shares during the period. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 5.1% in the fourth 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 acquiring an additional 3,441,825 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Exxon Mobil by 324.1% in the fourth quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock worth $160,209,000 after acquiring an additional 2,000,928 shares during the period. Institutional investors own 54.07% of the company’s stock.

NYSE:XOM opened at $87.86 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a market capitalization of $370.11 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.35 and a beta of 1.05. The company’s 50-day moving average is $91.53 and its two-hundred day moving average is $80.64. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.18). The firm had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.52 annualized dividend and a yield of 4.01%. Exxon Mobil’s payout ratio is 58.37%.

In other news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at $3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

XOM has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $125.00 in a research note on Tuesday. Cowen boosted their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Cowen boosted their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a research note on Thursday, March 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $89.24.

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

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