Sequoia Financial Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 32.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,271 shares of the oil and gas company’s stock after purchasing an additional 14,189 shares during the period. Sequoia Financial Advisors LLC’s holdings in Exxon Mobil were worth $2,175,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Roberts Glore & Co. Inc. IL grew its stake in shares of Exxon Mobil by 3.0% during the first quarter. Roberts Glore & Co. Inc. IL now owns 39,311 shares of the oil and gas company’s stock worth $1,492,000 after purchasing an additional 1,139 shares in the last quarter. MainStreet Investment Advisors LLC grew its stake in shares of Exxon Mobil by 48.3% during the first quarter. MainStreet Investment Advisors LLC now owns 100,087 shares of the oil and gas company’s stock worth $3,800,000 after purchasing an additional 32,620 shares in the last quarter. Banco Santander S.A. grew its stake in shares of Exxon Mobil by 10.3% during the first quarter. Banco Santander S.A. now owns 211,929 shares of the oil and gas company’s stock worth $8,047,000 after purchasing an additional 19,871 shares in the last quarter. Cardan Capital Partners LLC grew its stake in shares of Exxon Mobil by 20.1% during the first quarter. Cardan Capital Partners LLC now owns 19,613 shares of the oil and gas company’s stock worth $745,000 after purchasing an additional 3,277 shares in the last quarter. Finally, Meitav Dash Investments Ltd. acquired a new position in shares of Exxon Mobil during the first quarter worth $409,000. Hedge funds and other institutional investors own 54.84% of the company’s stock.
NYSE XOM traded up $0.04 during trading hours on Friday, hitting $44.60. 15,309,468 shares of the stock were exchanged, compared to its average volume of 26,257,626. The company has a market cap of $188.41 billion, a price-to-earnings ratio of 16.70 and a beta of 1.34. Exxon Mobil Co. has a 12-month low of $30.11 and a 12-month high of $77.93. The stock has a 50-day moving average of $43.01 and a 200 day moving average of $56.79. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.49. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The firm had revenue of $56.16 billion during the quarter, compared to analysts’ expectations of $58.25 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post -0.9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date is Tuesday, May 12th. This represents a $3.48 annualized dividend and a yield of 7.80%. Exxon Mobil’s payout ratio is currently 154.67%.
In related news, VP Neil W. Duffin bought 30,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $36.41 per share, for a total transaction of $1,092,300.00. Following the completion of the transaction, the vice president now owns 571,150 shares of the company’s stock, valued at approximately $20,795,571.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Weldon bought 4,591 shares of the stock in a transaction on Monday, March 9th. The shares were bought at an average price of $43.56 per share, for a total transaction of $199,983.96. Following the completion of the transaction, the director now directly owns 30,947 shares of the company’s stock, valued at approximately $1,348,051.32. The disclosure for this purchase can be found here. Insiders have acquired 38,771 shares of company stock worth $1,493,300 over the last 90 days. 0.05% of the stock is currently owned by company insiders.
A number of equities research analysts recently weighed in on XOM shares. HSBC reissued a “neutral” rating and issued a $48.00 price target on shares of Exxon Mobil in a research report on Thursday, March 12th. Cowen reduced their price target on shares of Exxon Mobil from $58.00 to $54.00 and set a “market perform” rating for the company in a research report on Friday, March 6th. Goldman Sachs Group reissued a “sell” rating and issued a $49.00 price target on shares of Exxon Mobil in a research report on Friday, March 6th. Morgan Stanley reduced 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 report on Monday, March 16th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $44.00 price target on shares of Exxon Mobil in a research report on Friday, May 1st. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus target price of $56.65.
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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