New Capital Management LP purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, Holdings Channel reports. The fund purchased 7,948 shares of the company’s stock, valued at approximately $717,000. Exxon Mobil accounts for about 1.0% of New Capital Management LP’s portfolio, making the stock its 9th largest position.
A number of other large investors also recently made changes to their positions in XOM. Coldstream Capital Management Inc. raised its position in Exxon Mobil by 5.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 38,190 shares of the company’s stock worth $3,447,000 after buying an additional 1,871 shares in the last quarter. JT Stratford LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $543,000. Concentric Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $2,222,000. BigSur Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $449,000. Finally, Honkamp Krueger Financial Services Inc. ADV acquired a new position in Exxon Mobil during the fourth quarter worth approximately $5,386,000. 51.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Exxon Mobil Co. (NYSE:XOM) opened at 82.00 on Tuesday. The stock has a market cap of $340.01 billion, a P/E ratio of 43.69 and a beta of 0.91. The firm has a 50 day moving average of $82.42 and a 200 day moving average of $85.77. Exxon Mobil Co. has a one year low of $80.31 and a one year high of $95.55.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Tuesday, January 31st. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.29. The company had revenue of $61.02 billion for the quarter, compared to analysts’ expectations of $62.28 billion. Exxon Mobil had a net margin of 3.47% and a return on equity of 5.56%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post $4.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Thursday, February 9th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Tuesday, February 7th. Exxon Mobil’s dividend payout ratio (DPR) is currently 159.58%.
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A number of research firms have commented on XOM. JPMorgan Chase & Co. restated a “neutral” rating on shares of Exxon Mobil in a research note on Monday, December 12th. HSBC Holdings plc dropped their price objective on shares of Exxon Mobil from $90.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, March 8th. They noted that the move was a valuation call. Royal Bank of Canada set a $95.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, February 1st. Vetr lowered shares of Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $88.94 price objective on the stock. in a research note on Monday, February 27th. Finally, Credit Suisse Group AG set a $75.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, January 24th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $89.44.
Exxon Mobil Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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