Comerica Bank lessened its holdings in Exxon Mobil Co. (NYSE: XOM – Get Rating) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 963,667 shares of the oil and gas company stock after selling 48,542 shares during the quarter. Exxon Mobil comprises approximately 0.5% of Comerica Bank’s investment portfolio, making its stock its 25th largest holding. Comerica Bank’s holdings in Exxon Mobil were worth $ 72,207,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company stock worth $ 15,494,002,000 after purchasing an additional 1,128,974 shares during the period. Geode Capital Management LLC raised its holdings 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 valued at $ 4,322,078,000 after buying an additional 3,441,825 shares during the period. GQG Partners LLC boosted its stake in Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company stock worth $ 1,982,114,000 after buying an additional 5,807,202 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company stock worth $ 1,873,632,000 after acquiring an additional 164,733 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Exxon Mobil by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,696,371 shares of the oil and gas company stock worth $ 1,143,937,000 after acquiring an additional 444,276 shares during the last quarter. Institutional investors own 54.07% of the company stock.
A number of brokerages have commented on XOM. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their objective price for the company from $ 90.00 to $ 100.00 in a research report on Thursday, April 21st. Morgan Stanley increased their target price 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. Argus upped their price target on Exxon Mobil from $ 92.00 to $ 104.00 in a report on Monday, May 9th. Credit Suisse Group upped their price target on Exxon Mobil from $ 102.00 to $ 115.00 and gave the stock a “neutral” rating in a report on Tuesday, June 7th. Finally, Wells Fargo & Company increased their target price on Exxon Mobil from $ 93.00 to $ 107.00 and gave the company an “overweight” rating in a report on Friday, March 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $ 88.80.
Shares of Exxon Mobil stock opened at $ 94.89 on Thursday. The business has a 50-day moving average of $ 91.24 and a 200-day moving average of $ 79.67. 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 company has a market capitalization of $ 399.73 billion, a PE ratio of 15.74, a P / E / G ratio of 0.50 and a beta of 1.05. Exxon Mobil Co. has a 1-year low of $ 52.10 and a 1-year high of $ 105.57.
Exxon Mobil (NYSE: XOM – Get Rating) last announced its earnings results on Friday, April 29th. The oil and gas company reported $ 2.07 earnings per share for the quarter, missing the estimate consensus of $ 2.25 by ($ 0.18). The business had revenue of $ 90.50 billion for the quarter, compared to analyst estimates of $ 83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The firm’s revenue was up 53.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $ 0.65 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 9.94 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were paid a dividend of $ 0.88 per share. The ex-dividend date was Thursday, May 12th. This represents a $ 3.52 annualized dividend and a dividend yield of 3.71%. Exxon Mobil’s dividend payout ratio is presently 58.37%.
In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $ 96.65, for a total transaction of $ 241,625.00. Following the transaction, the vice president now directly owns 32,510 shares of the company stock, valued at $ 3,142,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $ 102.81, for a total value of $ 220,733.07. Following the transaction, the vice president now directly owns 30,363 shares in the company, valued at $ 3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.
Exxon Mobil Profile: (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.
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE: XOM – Get Rating).
Receive News & Ratings for Exxon Mobil Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Exxon Mobil and related companies with MarketBeat.com’s FREE daily email newsletter.