MQS Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 24.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,185 shares of the oil and gas company's stock after selling 2,005 shares during the period. MQS Management LLC's holdings in Exxon Mobil were worth $511,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. AR Asset Management Inc. purchased a new stake in Exxon Mobil during the first quarter worth $347,000. Pioneer Trust Bank N A OR boosted its position in Exxon Mobil by 0.3% during the first quarter. Pioneer Trust Bank N A OR now owns 36,700 shares of the oil and gas company's stock worth $3,031,000 after purchasing an additional 126 shares in the last quarter. RKL Wealth Management LLC boosted its position in Exxon Mobil by 121.5% during the first quarter. RKL Wealth Management LLC now owns 9,576 shares of the oil and gas company's stock worth $791,000 after purchasing an additional 5,252 shares in the last quarter. Terra Nova Asset Management LLC purchased a new stake in Exxon Mobil during the first quarter worth $248,000. Finally, Apriem Advisors boosted its position in Exxon Mobil by 1.9% during the first quarter. Apriem Advisors now owns 106,836 shares of the oil and gas company's stock worth $8,824,000 after purchasing an additional 2,022 shares in the last quarter. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
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Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on XOM shares. Evercore ISI upgraded Exxon Mobil from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group upped their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a "buy" rating in a research report on Wednesday, June 8th. Bank of America upped their price objective on Exxon Mobil from $120.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, August 1st. HSBC upped their price objective on Exxon Mobil from $92.50 to $97.50 and gave the company a "hold" rating in a research report on Wednesday, July 20th. Finally, Cowen upped their price objective on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $96.40.
Insider Activity
In related news, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the 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 completion of the transaction, the vice president now directly 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. Over the last quarter, insiders sold 7,147 shares of company stock worth $698,858. 0.04% of the stock is currently owned by corporate insiders.
Exxon Mobil Stock Performance
Shares of NYSE:XOM opened at $93.19 on Friday. The firm has a market capitalization of $388.38 billion, a PE ratio of 10.20, a P/E/G ratio of 0.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The business has a 50-day moving average of $90.52 and a two-hundred day moving average of $86.28. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. The company had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm's revenue was up 70.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 12.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.78%. Exxon Mobil's dividend payout ratio (DPR) is currently 38.51%.
About Exxon Mobil
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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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