Castellan Group lifted its holdings in shares of Exxon Mobil Co. (NYSE: XOM – Get Rating) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,698 shares of the oil and gas company stock after purchasing an additional 2,138 shares during the period. Castellan Group’s holdings in Exxon Mobil were worth $ 1,572,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. GQG Partners LLC grew its stake in Exxon Mobil by 86.5% in the 3rd quarter. GQG Partners LLC now owns 26,589,951 shares of the oil and gas company stock worth $ 1,563,874,000 after acquiring an additional 12,332,190 shares during the period. Renaissance Technologies LLC grew its stake in Exxon Mobil by 134.3% in the 4th quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company stock worth $ 386,314,000 after acquiring an additional 3,619,270 shares during the period. Geode Capital Management LLC grew its stake in Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company stock worth $ 4,322,078,000 after acquiring an additional 3,441,825 shares during the period. Capital World Investors grew its stake in Exxon Mobil by 12.1% in the 3rd quarter. Capital World Investors now owns 30,346,436 shares of the oil and gas company stock worth $ 1,784,977,000 after acquiring an additional 3,281,042 shares during the period. Finally, MFA Wealth Advisors LLC grew its stake in Exxon Mobil by 5,358.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 2,939,258 shares of the oil and gas company stock worth $ 3,136,000 after acquiring an additional 2,885,409 shares during the period. 54.07% of the stock is owned by institutional investors and hedge funds.
Shares of XOM stock opened at $ 96.10 on Wednesday. Exxon Mobil Co. has a 12 month low of $ 52.10 and a 12 month high of $ 105.57. 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 $ 404.83 billion, a P / E ratio of 15.94, a P / E / G ratio of 0.50 and a beta of 1.05. The company fifty day moving average price is $ 91.01 and its two-hundred day moving average price is $ 79.56.
Exxon Mobil (NYSE: XOM – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $ 2.07 EPS for the quarter, missing analysts’ consensus estimates of $ 2.25 by ($ 0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The firm had revenue of $ 90.50 billion during the quarter, compared to analyst estimates of $ 83.57 billion. During the same quarter in the prior year, the firm earned $ 0.65 EPS. The business’s quarterly revenue was up 53.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.94 EPS for the current year.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.66%. Exxon Mobil’s dividend payout ratio is currently 58.37%.
In other news, VP Darrin L. Talley sold 2,147 shares of the business’s 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 sale, the vice president now owns 30,363 shares of the company stock, valued at approximately $ 3,121,620.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 32,510 shares of the company stock, valued at approximately $ 3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company stock.
Several research firms have commented on XOM. Bank of America lifted their target price on shares of Exxon Mobil from $ 100.00 to $ 105.00 and gave the stock a “buy” rating in a research note on Tuesday, February 15th. Argus lifted their price target on shares of Exxon Mobil from $ 92.00 to $ 104.00 in a report on Monday, May 9th. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. JPMorgan Chase & Co. set a $ 100.00 price target on shares of Exxon Mobil in a report on Tuesday, March 29th. Finally, Morgan Stanley lifted their price target on shares of Exxon Mobil from $ 103.00 to $ 107.00 and gave the company an “overweight” rating in a report on Monday, June 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus price target of $ 88.80.
About Exxon Mobil: (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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