Hexavest Inc. bought a new stake in ExxonMobil (NYSE:XOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,424,819 shares of the oil and gas company’s stock, valued at approximately $202,812,000. ExxonMobil makes up approximately 2.3% of Hexavest Inc.’s investment portfolio, making the stock its 7th biggest position.
Several other hedge funds also recently bought and sold shares of XOM. CWH Capital Management Inc. bought a new stake in ExxonMobil during the second quarter worth $114,000. Litman Gregory Asset Management LLC bought a new stake in ExxonMobil during the third quarter worth $131,000. Acrospire Investment Management LLC lifted its holdings in ExxonMobil by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in ExxonMobil by 2.7% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 50 shares during the period. Finally, Saratoga Research & Investment Management bought a new stake in ExxonMobil during the third quarter worth $172,000. Institutional investors own 53.11% of the company’s stock.
A number of analysts recently commented on the company. Credit Suisse Group set a $80.00 price target on ExxonMobil and gave the stock a “hold” rating in a report on Friday, March 9th. Citigroup reiterated a “neutral” rating and set a $81.00 price target (down from $84.00) on shares of ExxonMobil in a report on Thursday, March 8th. Royal Bank of Canada set a $90.00 price target on ExxonMobil and gave the stock a “hold” rating in a report on Thursday, March 8th. Societe Generale restated a “buy” rating and issued a $87.00 target price on shares of ExxonMobil in a research note on Tuesday, March 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $83.00 target price on shares of ExxonMobil in a research note on Thursday, March 8th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $86.55.
ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The company had revenue of $66.52 billion during the quarter, compared to analysts’ expectations of $74.41 billion. ExxonMobil had a net margin of 7.61% and a return on equity of 8.00%. ExxonMobil’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. analysts anticipate that ExxonMobil will post 4.85 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, February 9th. ExxonMobil’s dividend payout ratio (DPR) is presently 66.52%.
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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