TIAA CREF Investment Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,571,765 shares of the oil and gas company’s stock after selling 1,571,816 shares during the quarter. Exxon Mobil makes up about 0.7% of TIAA CREF Investment Management LLC’s holdings, making the stock its 20th biggest position. TIAA CREF Investment Management LLC owned approximately 0.30% of Exxon Mobil worth $1,068,851,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Kwmg LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $102,000. WESPAC Advisors SoCal LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at $110,000. Mainstay Capital Management LLC ADV grew its stake in Exxon Mobil by 112.7% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 1,000 shares during the last quarter. Camarda Financial Advisors LLC grew its stake in Exxon Mobil by 175.2% in the 3rd quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 1,167 shares during the last quarter. Finally, Smart Portfolios LLC grew its stake in Exxon Mobil by 97.8% in the 2nd quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock valued at $167,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 53.62% of the company’s stock.
XOM has been the topic of a number of research analyst reports. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Tuesday, November 20th. HSBC reiterated a “buy” rating and issued a $82.00 target price on shares of Exxon Mobil in a research note on Monday, January 14th. Royal Bank of Canada set a $95.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Friday, February 1st. Argus reiterated a “buy” rating on shares of Exxon Mobil in a research note on Wednesday, February 6th. Finally, Bank of America set a $105.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $84.52.
NYSE XOM traded down $0.09 during midday trading on Friday, hitting $80.35. The company had a trading volume of 200,348 shares, compared to its average volume of 13,109,557. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. The firm has a market capitalization of $340.86 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.19 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion for the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 4.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 11th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Friday, February 8th. Exxon Mobil’s payout ratio is 66.53%.
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Exxon Mobil 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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