Ipswich Investment Management Co. Inc. reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 120,856 shares of the oil and gas company’s stock after selling 312 shares during the period. Exxon Mobil Corporation accounts for 4.3% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its largest position. Ipswich Investment Management Co. Inc.’s holdings in Exxon Mobil Corporation were worth $9,911,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at $101,000. Psagot Investment House Ltd. purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $119,000. Empirical Finance LLC purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $172,000. Cordasco Financial Network boosted its position in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares in the last quarter. Finally, Mosaic Financial Partners Inc. purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $202,000. Institutional investors own 50.98% of the company’s stock.
Exxon Mobil Corporation (NYSE:XOM) opened at 83.49 on Friday. The company has a 50-day moving average of $81.90 and a 200 day moving average of $83.90. The stock has a market capitalization of $353.77 billion, a price-to-earnings ratio of 34.83 and a beta of 0.86. Exxon Mobil Corporation has a 12 month low of $79.26 and a 12 month high of $95.55. Exxon Mobil Corporation also was the target of unusually large options trading activity on Thursday. Stock investors bought 30,467 put options on the company. This is an increase of 115% compared to the typical volume of 14,191 put options.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. The business had revenue of $63.29 billion during the quarter, compared to analysts’ expectations of $64.88 billion. During the same period last year, the company posted $0.43 EPS. The business’s revenue was up 29.9% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Corporation will post $3.90 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 12th were paid a $0.77 dividend. This is a boost from Exxon Mobil Corporation’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Wednesday, May 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 128.33%.
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Several research firms have commented on XOM. Argus reissued a “focus list” rating and set a $104.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. Simmons lifted their target price on shares of Exxon Mobil Corporation from $76.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 19th. Hilliard Lyons began coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 target price on the stock. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $87.64 price target on the stock in a report on Tuesday, April 11th. Finally, Scotiabank set a $85.00 price target on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Monday, May 1st. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average target price of $89.18.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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