Secure Asset Management LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 47.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,234 shares of the oil and gas company’s stock after selling 12,887 shares during the quarter. Secure Asset Management LLC’s holdings in Exxon Mobil were worth $795,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Norges Bank purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $1,648,683,000. Amundi Pioneer Asset Management Inc. increased its stake in shares of Exxon Mobil by 223.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 15,656,605 shares of the oil and gas company’s stock worth $645,365,000 after purchasing an additional 10,818,671 shares during the last quarter. Morgan Stanley increased its stake in shares of Exxon Mobil by 25.3% during the 4th quarter. Morgan Stanley now owns 24,392,033 shares of the oil and gas company’s stock worth $1,005,441,000 after purchasing an additional 4,927,441 shares during the last quarter. FMR LLC increased its stake in shares of Exxon Mobil by 6.8% during the 4th quarter. FMR LLC now owns 70,602,466 shares of the oil and gas company’s stock worth $2,910,233,000 after purchasing an additional 4,470,829 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Exxon Mobil by 114.8% during the 4th quarter. SG Americas Securities LLC now owns 463,343 shares of the oil and gas company’s stock worth $19,099,000 after purchasing an additional 3,584,657 shares during the last quarter. 50.90% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Michael J. Angelakis purchased 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The stock was bought at an average price of $57.16 per share, with a total value of $1,429,000.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at $457,280. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Monday, February 1st. The oil and gas company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $46.54 billion during the quarter, compared to analysts’ expectations of $48.76 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The business’s quarterly revenue was down 30.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 10th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend was Tuesday, February 9th. Exxon Mobil’s payout ratio is presently 154.67%.
XOM has been the subject of several analyst reports. Raymond James raised shares of Exxon Mobil from an “underperform” rating to a “market perform” rating in a report on Wednesday. JPMorgan Chase & Co. reissued a “buy” rating and issued a $56.00 price target on shares of Exxon Mobil in a report on Wednesday, February 3rd. Zacks Investment Research downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 price target for the company. in a report on Monday, January 18th. Mizuho started coverage on shares of Exxon Mobil in a report on Tuesday, January 12th. They issued a “neutral” rating and a $49.00 price target for the company. Finally, UBS Group reaffirmed a “neutral” rating and set a $62.00 price objective (up from $48.00) on shares of Exxon Mobil in a report on Monday, March 15th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.26.
About Exxon Mobil
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; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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).
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.