GSA Capital Partners LLP Sells 6,643 Shares of Exxon Mobil Co. (XOM)

GSA Capital Partners LLP lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 66.3% in the first quarter, HoldingsChannel reports. The firm owned 3,379 shares of the oil and gas company’s stock after selling 6,643 shares during the period. GSA Capital Partners LLP’s holdings in Exxon Mobil were worth $252,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Macroview Investment Management LLC purchased a new position in Exxon Mobil during the 1st quarter worth $102,000. Corbyn Investment Management Inc. MD purchased a new position in Exxon Mobil during the 1st quarter worth $110,000. KHP Capital LLC purchased a new position in Exxon Mobil during the 1st quarter worth $111,000. PrairieView Partners LLC purchased a new position in Exxon Mobil during the 4th quarter worth $220,000. Finally, GFS Private Wealth LLC purchased a new position in Exxon Mobil during the 4th quarter worth $249,000. Institutional investors and hedge funds own 51.93% of the company’s stock.

Shares of NYSE:XOM opened at $78.00 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $336.54 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.41 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). The company had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. Exxon Mobil’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. analysts expect that Exxon Mobil Co. will post 4.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Monday, August 13th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is currently 91.36%.

A number of research firms have issued reports on XOM. Goldman Sachs Group reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Exxon Mobil in a report on Thursday, June 21st. Royal Bank of Canada set a $105.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Monday, July 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a report on Monday, July 30th. Wells Fargo & Co reaffirmed a “neutral” rating and set a $82.00 price objective on shares of Exxon Mobil in a report on Thursday, June 21st. Finally, Barclays reaffirmed a “sell” rating and set a $84.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 10th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $86.98.

Exxon Mobil 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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