RFG Holdings Inc. lowered its stake in shares of Exxon Mobil Co. (NYSE: XOM – Get Rating) by 49.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,397 shares of the oil and gas company stock after selling 5,343 shares during the quarter. Exxon Mobil comprises 0.3% of RFG Holdings Inc.’s portfolio, making the stock its 18th largest position. RFG Holdings Inc.’s holdings in Exxon Mobil were worth $ 446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $ 3,184,424,000. GQG Partners LLC increased its holdings 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 valued at $ 1,982,114,000 after buying an additional 5,807,202 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Exxon Mobil by 134.3% during the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company stock valued at $ 386,314,000 after buying an additional 3,619,270 shares during the last quarter. Geode Capital Management LLC increased its holdings in Exxon Mobil by 5.1% during the fourth 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 last quarter. Finally, American Century Companies Inc. increased its holdings in Exxon Mobil by 324.1% during the fourth quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company stock valued at $ 160,209,000 after buying an additional 2,000,928 shares during the last quarter. Institutional investors own 54.07% of the company stock.
A number of analysts have commented on the stock. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $ 90.00 to $ 100.00 in a report on Thursday, April 21st. Cowen increased their price objective on shares of Exxon Mobil from $ 77.00 to $ 90.00 in a research note on Monday, May 2nd. MKM Partners increased their price objective on shares of Exxon Mobil from $ 81.00 to $ 84.00 and gave the stock a “buy” rating in a research note on Monday, March 7th. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $ 73.00 to $ 86.00 and gave the stock a “hold” rating in a research note on Thursday, March 3rd. Finally, Wells Fargo & Company increased their price target on shares of Exxon Mobil from $ 93.00 to $ 107.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $ 89.24.
XOM stock opened at $ 91.48 on Wednesday. Exxon Mobil Co. has a 52 week low of $ 52.10 and a 52 week high of $ 105.57. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $ 91.51 and a two-hundred day simple moving average of $ 80.59. The firm has a market capitalization of $ 385.36 billion, a P / E ratio of 15.17, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05.
Exxon Mobil (NYSE: XOM – Get Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $ 2.07 EPS for the quarter, missing the consensus estimate of $ 2.25 by ($ 0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business had revenue of $ 90.50 billion for the quarter, compared to the estimate consensus of $ 83.57 billion. During the same quarter last year, the business earned $ 0.65 EPS. Exxon Mobil’s revenue for the quarter was up 53.0% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 10.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were given a dividend of $ 0.88 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $ 3.52 annualized dividend and a yield of 3.85%. Exxon Mobil’s dividend payout ratio (DPR) is currently 58.37%.
In other news, VP Darrin L. Talley sold 2,147 shares of the firm’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 in the company, valued at approximately $ 3,121,620.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the firm’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 owns 32,510 shares of the company stock, valued at approximately $ 3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.
Exxon Mobil Company 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.
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