Sterneck Capital Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,141 shares of the oil and gas company’s stock after selling 507 shares during the period. Sterneck Capital Management LLC’s holdings in Exxon Mobil were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. C WorldWide Group Holding A S purchased a new position in Exxon Mobil in the 3rd quarter valued at about $363,290,000. Morgan Stanley increased its stake in Exxon Mobil by 19.6% in the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock valued at $1,872,372,000 after purchasing an additional 3,614,568 shares in the last quarter. Vanguard Group Inc increased its stake in Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc now owns 329,558,203 shares of the oil and gas company’s stock valued at $28,019,038,000 after purchasing an additional 3,269,684 shares in the last quarter. Vanguard Group Inc. increased its stake in Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc. now owns 329,558,203 shares of the oil and gas company’s stock valued at $28,019,038,000 after purchasing an additional 3,269,684 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Exxon Mobil by 8,766.5% in the third quarter. Rehmann Capital Advisory Group now owns 3,264,121 shares of the oil and gas company’s stock valued at $3,009,820,000 after buying an additional 3,227,307 shares during the period. 54.62% of the stock is owned by institutional investors.
NYSE XOM traded up $0.24 during trading on Tuesday, hitting $76.14. The company’s stock had a trading volume of 72,601 shares, compared to its average volume of 12,150,016. The company has a market cap of $322.43 billion, a PE ratio of 15.44, a P/E/G ratio of 1.58 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). The business had revenue of $63.63 billion during the quarter, compared to analysts’ expectations of $67.35 billion. Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. Exxon Mobil’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 3.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.87 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.48 annualized dividend and a yield of 4.57%. Exxon Mobil’s dividend payout ratio is 70.59%.
Several research analysts recently commented on XOM shares. Royal Bank of Canada set a $95.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Friday, February 1st. JPMorgan Chase & Co. set a $87.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, February 1st. Credit Suisse Group set a $79.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, February 1st. Goldman Sachs Group set a $79.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, February 1st. Finally, Barclays set a $82.00 target price on Exxon Mobil and gave the stock a “sell” rating in a research note on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $84.29.
In other news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the completion of the transaction, the vice president now directly owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by corporate insiders.
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About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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