Excalibur Management Corp lessened its holdings in shares of ExxonMobil (NYSE:XOM) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,419 shares of the oil and gas company’s stock after selling 7,727 shares during the period. ExxonMobil accounts for approximately 2.8% of Excalibur Management Corp’s investment portfolio, making the stock its 12th biggest position. Excalibur Management Corp’s holdings in ExxonMobil were worth $3,381,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CWH Capital Management Inc. purchased a new stake in shares of ExxonMobil in the 2nd quarter valued at approximately $114,000. Litman Gregory Asset Management LLC purchased a new stake in shares of ExxonMobil in the 3rd quarter valued at approximately $131,000. Acrospire Investment Management LLC grew its stake in shares of ExxonMobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the period. Saratoga Research & Investment Management purchased a new stake in shares of ExxonMobil in the 3rd quarter valued at approximately $172,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of ExxonMobil in the 2nd quarter valued at approximately $175,000. 53.12% of the stock is owned by institutional investors.
Several research firms have recently weighed in on XOM. JPMorgan Chase set a $83.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Tuesday, March 27th. HSBC raised shares of ExxonMobil from a “reduce” rating to a “buy” rating and increased their price target for the company from $73.60 to $82.50 in a research note on Thursday, March 15th. Societe Generale reissued a “buy” rating and issued a $87.00 price target on shares of ExxonMobil in a research note on Tuesday, March 13th. Credit Suisse Group set a $80.00 price target on shares of ExxonMobil and gave the company a “hold” rating in a research note on Friday, March 9th. Finally, Goldman Sachs reissued a “neutral” rating and issued a $85.00 price target on shares of ExxonMobil in a research note on Thursday, March 8th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.55.
ExxonMobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. ExxonMobil’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. equities analysts expect that ExxonMobil will post 4.8 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.11%. ExxonMobil’s dividend payout ratio (DPR) is presently 85.79%.
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ExxonMobil Company 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 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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