Ascension Capital Advisors Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,686 shares of the oil and gas company’s stock after selling 493 shares during the period. Exxon Mobil makes up about 5.9% of Ascension Capital Advisors Inc.’s holdings, making the stock its 8th largest position. Ascension Capital Advisors Inc.’s holdings in Exxon Mobil were worth $5,646,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of XOM. ETRADE Capital Management LLC boosted its position in Exxon Mobil by 8.6% during the fourth quarter. ETRADE Capital Management LLC now owns 95,345 shares of the oil and gas company’s stock worth $6,653,000 after purchasing an additional 7,533 shares in the last quarter. Solstein Capital LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $609,000. Renaissance Technologies LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $190,392,000. Calton & Associates Inc. lifted its holdings in shares of Exxon Mobil by 33.2% in the fourth quarter. Calton & Associates Inc. now owns 23,171 shares of the oil and gas company’s stock valued at $1,617,000 after purchasing an additional 5,773 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in shares of Exxon Mobil by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 756,724 shares of the oil and gas company’s stock valued at $52,803,000 after purchasing an additional 55,652 shares during the last quarter. 52.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of XOM stock traded up $1.09 on Tuesday, hitting $47.38. The stock had a trading volume of 7,445,972 shares, compared to its average volume of 22,091,404. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $43.90 and a two-hundred day moving average price of $55.50. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $77.93. The firm has a market cap of $192.26 billion, a P/E ratio of 17.33 and a beta of 1.33.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.49. The company had revenue of $56.16 billion for the quarter, compared to the consensus estimate of $58.25 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. Exxon Mobil’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, analysts expect that Exxon Mobil Co. will post -0.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 7.35%. The ex-dividend date is Tuesday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 154.67%.
In other Exxon Mobil news, VP Neil W. Duffin purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $36.41 per share, for a total transaction of $1,092,300.00. Following the purchase, the vice president now owns 571,150 shares of the company’s stock, valued at approximately $20,795,571.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William C. Weldon bought 4,180 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $48.09 per share, for a total transaction of $201,016.20. Following the acquisition, the director now directly owns 30,947 shares of the company’s stock, valued at $1,488,241.23. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 38,771 shares of company stock worth $1,493,300. 0.05% of the stock is owned by company insiders.
A number of equities research analysts recently issued reports on the company. Mizuho reduced their target price on Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Morgan Stanley reduced their price objective on Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. UBS Group lifted their price objective on Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Credit Suisse Group boosted their target price on shares of Exxon Mobil from $37.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $56.65.
Exxon Mobil 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 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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