ExxonMobil (XOM) Shares Sold by Edge Wealth Management LLC

Edge Wealth Management LLC cut its stake in ExxonMobil (NYSE:XOM) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,024 shares of the oil and gas company’s stock after selling 855 shares during the quarter. Edge Wealth Management LLC’s holdings in ExxonMobil were worth $1,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. Vanguard Group Inc. lifted its holdings in shares of ExxonMobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of ExxonMobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after purchasing an additional 2,058,060 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ExxonMobil by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock valued at $2,286,658,000 after purchasing an additional 1,595,027 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of ExxonMobil by 1.6% during the third quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock valued at $1,930,784,000 after purchasing an additional 360,596 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of ExxonMobil by 6.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 22,716,523 shares of the oil and gas company’s stock valued at $1,899,993,000 after purchasing an additional 1,314,210 shares during the last quarter. Institutional investors and hedge funds own 53.12% of the company’s stock.

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NYSE:XOM opened at $74.61 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. ExxonMobil has a 12 month low of $72.67 and a 12 month high of $89.30. The company has a market capitalization of $316,157.03, a price-to-earnings ratio of 20.78, a P/E/G ratio of 1.12 and a beta of 0.91.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 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 company had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. During the same period last year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. sell-side analysts forecast that ExxonMobil will post 4.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Friday, February 9th. ExxonMobil’s dividend payout ratio (DPR) is presently 85.79%.

Several equities analysts have recently issued reports on XOM shares. UBS set a $83.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a report on Monday, December 4th. Vetr upgraded shares of ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $92.50 target price for the company in a report on Thursday, December 7th. Credit Suisse Group started coverage on shares of ExxonMobil in a report on Monday, December 11th. They set a “neutral” rating and a $83.00 target price for the company. JPMorgan Chase set a $81.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 14th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $86.55.

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About ExxonMobil

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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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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