Wellington Management Group LLP trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 70.0% in the first quarter, Holdings Channel.com reports. The firm owned 15,601,388 shares of the oil and gas company’s stock after selling 36,419,839 shares during the period. Wellington Management Group LLP’s holdings in Exxon Mobil were worth $592,386,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Exxon Mobil by 2.1% during the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock valued at $7,840,960,000 after purchasing an additional 4,222,270 shares in the last quarter. Capital Research Global Investors grew its holdings in Exxon Mobil by 7.6% during the 4th quarter. Capital Research Global Investors now owns 66,388,650 shares of the oil and gas company’s stock worth $4,632,600,000 after acquiring an additional 4,674,009 shares in the last quarter. Geode Capital Management LLC grew its holdings in Exxon Mobil by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 61,969,806 shares of the oil and gas company’s stock worth $4,315,899,000 after acquiring an additional 1,790,650 shares in the last quarter. FMR LLC grew its holdings in Exxon Mobil by 0.3% during the 4th quarter. FMR LLC now owns 57,910,545 shares of the oil and gas company’s stock worth $4,040,997,000 after acquiring an additional 157,322 shares in the last quarter. Finally, Norges Bank acquired a new position in Exxon Mobil during the 4th quarter worth $3,055,993,000. 52.23% of the stock is owned by institutional investors and hedge funds.
In related news, VP Neil W. Duffin purchased 30,000 shares of the company’s 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 transaction, the vice president now owns 571,150 shares of the company’s stock, valued at $20,795,571.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is currently owned by insiders.
Several research analysts have weighed in on XOM shares. Wells Fargo & Co raised their price objective on shares of Exxon Mobil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 13th. HSBC reissued a “neutral” rating and set a $48.00 price objective on shares of Exxon Mobil in a report on Thursday, March 12th. Argus downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, UBS Group raised their price target on shares of Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $56.96.
NYSE:XOM traded down $3.38 during mid-day trading on Thursday, hitting $47.28. The stock had a trading volume of 23,379,278 shares, compared to its average volume of 31,495,766. The stock has a market capitalization of $224.43 billion, a price-to-earnings ratio of 18.97 and a beta of 1.33. The company has a 50 day simple moving average of $45.47 and a 200-day simple moving average of $54.71. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week high of $77.93. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.49. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The company had revenue of $56.16 billion for the quarter, compared to the consensus estimate of $58.25 billion. During the same period in the previous year, the firm earned $0.55 EPS. Exxon Mobil’s revenue was down 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Co. will post -0.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.87 per share. The ex-dividend date was Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.36%. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.
About Exxon Mobil
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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