Twin Capital Management Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 310,540 shares of the oil and gas company’s stock after selling 4,510 shares during the period. Exxon Mobil comprises approximately 1.2% of Twin Capital Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Twin Capital Management Inc.’s holdings in Exxon Mobil were worth $23,169,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of XOM. Litman Gregory Asset Management LLC bought a new position in Exxon Mobil in the third quarter worth approximately $131,000. Grubman Wealth Management bought a new position in Exxon Mobil in the fourth quarter worth approximately $201,000. PrairieView Partners LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $220,000. Bellwether Investment Group LLC raised its stake in Exxon Mobil by 239.0% in the fourth quarter. Bellwether Investment Group LLC now owns 11,372 shares of the oil and gas company’s stock worth $227,000 after buying an additional 8,017 shares in the last quarter. Finally, Broadleaf Partners LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $233,000. 51.84% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. Credit Suisse Group reduced their price objective on shares of Exxon Mobil from $82.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday, April 30th. Goldman Sachs Group reissued a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil in a research note on Thursday, March 8th. Raymond James raised shares of Exxon Mobil from an “underperform” rating to a “market perform” rating in a research note on Monday, April 23rd. They noted that the move was a valuation call. Wells Fargo & Co reissued a “neutral” rating and issued a $82.00 price objective on shares of Exxon Mobil in a research note on Thursday. Finally, Bank of America set a $100.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.50.
Shares of XOM opened at $81.38 on Friday. The firm has a market cap of $337.68 billion, a PE ratio of 22.67, a P/E/G ratio of 1.08 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.50 and a current ratio of 0.80. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.05). The company had revenue of $68.21 billion for the quarter, compared to analysts’ expectations of $61.49 billion. Exxon Mobil had a net margin of 7.72% and a return on equity of 8.22%. Exxon Mobil’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. sell-side analysts anticipate that Exxon Mobil Co. will post 4.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Monday, May 14th were issued a dividend of $0.82 per share. The ex-dividend date was Friday, May 11th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.03%. Exxon Mobil’s payout ratio is 91.36%.
Exxon Mobil Company 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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