Community Financial Services Group LLC decreased its position in ExxonMobil (NYSE:XOM) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,221 shares of the oil and gas company’s stock after selling 816 shares during the quarter. Community Financial Services Group LLC’s holdings in ExxonMobil were worth $1,441,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWH Capital Management Inc. acquired a new stake in shares of ExxonMobil in the second quarter valued at about $114,000. Litman Gregory Asset Management LLC acquired a new stake in shares of ExxonMobil in the third quarter valued at about $131,000. Acrospire Investment Management LLC increased its position in shares of ExxonMobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after acquiring an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of ExxonMobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after acquiring an additional 50 shares during the last quarter. Finally, Saratoga Research & Investment Management acquired a new stake in shares of ExxonMobil in the third quarter valued at about $172,000. 53.12% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on XOM shares. UBS set a $83.00 target price on ExxonMobil and gave the company a “neutral” rating in a research report on Monday, December 4th. Vetr raised ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $92.50 target price on the stock in a research report on Thursday, December 7th. Credit Suisse Group started coverage on ExxonMobil in a research report on Monday, December 11th. They issued a “neutral” rating and a $83.00 target price on the stock. JPMorgan Chase set a $81.00 target price on ExxonMobil and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 14th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. ExxonMobil has an average rating of “Hold” and an average price target of $86.55.
ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. The firm had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue was up 9.0% on a year-over-year basis. sell-side analysts predict that ExxonMobil will post 4.8 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, February 9th. ExxonMobil’s dividend payout ratio is presently 85.79%.
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ExxonMobil Company Profile
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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