ExxonMobil (XOM) Holdings Reduced by Loeb Partners Corp

Loeb Partners Corp cut its position in ExxonMobil (NYSE:XOM) by 22.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,966 shares of the oil and gas company’s stock after selling 15,800 shares during the period. ExxonMobil accounts for about 1.4% of Loeb Partners Corp’s investment portfolio, making the stock its 19th biggest position. Loeb Partners Corp’s holdings in ExxonMobil were worth $4,598,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XOM. Litman Gregory Asset Management LLC acquired a new position in shares of ExxonMobil during the third quarter worth approximately $131,000. Grubman Wealth Management acquired a new position in shares of ExxonMobil during the fourth quarter worth approximately $201,000. Broadleaf Partners LLC acquired a new position in shares of ExxonMobil during the fourth quarter worth approximately $233,000. GFS Private Wealth LLC acquired a new position in shares of ExxonMobil during the fourth quarter worth approximately $249,000. Finally, Cerebellum GP LLC acquired a new position in shares of ExxonMobil during the fourth quarter worth approximately $295,000. Hedge funds and other institutional investors own 53.25% of the company’s stock.

Shares of NYSE:XOM opened at $81.88 on Friday. ExxonMobil has a 52 week low of $81.17 and a 52 week high of $81.82. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $346.58 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.17 and a beta of 0.90.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, April 27th. The oil and gas company reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.05). ExxonMobil had a net margin of 7.72% and a return on equity of 8.22%. The firm had revenue of $68.21 billion during the quarter, compared to the consensus estimate of $61.49 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts anticipate that ExxonMobil will post 4.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 14th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, May 11th. This is an increase from ExxonMobil’s previous quarterly dividend of $0.77. ExxonMobil’s dividend payout ratio is presently 91.36%.

A number of brokerages have recently issued reports on XOM. Goldman Sachs reiterated a “neutral” rating and set a $96.00 target price on shares of ExxonMobil in a research report on Thursday, February 1st. Credit Suisse Group reduced their target price on shares of ExxonMobil from $82.00 to $79.00 and set a “neutral” rating on the stock in a research report on Monday, April 30th. Raymond James upgraded shares of ExxonMobil from an “underperform” rating to a “market perform” rating in a research report on Monday, April 23rd. They noted that the move was a valuation call. Barclays lowered shares of ExxonMobil from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $91.00 to $84.00 in a research report on Tuesday, February 6th. Finally, Bank of America set a $100.00 target price on shares of ExxonMobil and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. ExxonMobil currently has an average rating of “Hold” and an average price target of $86.75.

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil (NYSE:XOM).

Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Kratos Defense & Security Solutions  Given Average Recommendation of “Buy” by Brokerages
Kratos Defense & Security Solutions Given Average Recommendation of “Buy” by Brokerages
Stanley Black & Decker, Inc.  Receives Consensus Recommendation of “Buy” from Brokerages
Stanley Black & Decker, Inc. Receives Consensus Recommendation of “Buy” from Brokerages
Independence Contract  Receives $6.25 Average PT from Analysts
Independence Contract Receives $6.25 Average PT from Analysts
Gulf Resources  Getting Somewhat Favorable Media Coverage, Study Shows
Gulf Resources Getting Somewhat Favorable Media Coverage, Study Shows
Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Wayside Technology Group  Stock Price
Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Wayside Technology Group Stock Price
Brokerages Set Hunting plc  Price Target at $736.78
Brokerages Set Hunting plc Price Target at $736.78


Leave a Reply

© 2006-2018 Ticker Report. Google+.