Blue Edge Capital LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,147 shares of the oil and gas company’s stock after selling 2,800 shares during the quarter. Blue Edge Capital LLC’s holdings in Exxon Mobil were worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of XOM. Atlas Capital Advisors LLC grew its holdings in shares of Exxon Mobil by 102.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 493 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 250 shares during the last quarter. Horan Securities Inc. raised its holdings in Exxon Mobil by 110.6% during the 4th quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock worth $25,000 after buying an additional 313 shares during the period. Mach 1 Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $29,000. Canton Hathaway LLC increased its position in shares of Exxon Mobil by 500.0% in the first quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 600 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA acquired a new stake in shares of Exxon Mobil during the first quarter valued at approximately $48,000. Institutional investors own 51.42% of the company’s stock.
Several research firms have weighed in on XOM. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $76.00 target price on shares of Exxon Mobil in a research note on Tuesday. DZ Bank raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Wednesday, May 5th. UBS Group reaffirmed a “neutral” rating and set a $62.00 price objective (up from $48.00) on shares of Exxon Mobil in a research report on Monday, March 15th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $53.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, March 2nd. Finally, Morgan Stanley boosted their price objective on shares of Exxon Mobil from $60.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, March 16th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $56.41.
Exxon Mobil (NYSE:XOM) last released its earnings results on Thursday, April 29th. The oil and gas company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.06. The firm had revenue of $59.15 billion during the quarter, compared to analysts’ expectations of $55.36 billion. Exxon Mobil had a negative net margin of 10.35% and a negative return on equity of 0.48%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 3.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Thursday, May 13th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.57%. The ex-dividend date was Wednesday, May 12th. Exxon Mobil’s payout ratio is currently -1,054.55%.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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