Foster & Motley Inc. lifted its position in Exxon Mobil Co. (NYSE:XOM) by 5.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,042 shares of the oil and gas company’s stock after buying an additional 2,472 shares during the quarter. Foster & Motley Inc.’s holdings in Exxon Mobil were worth $3,276,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC lifted its holdings in Exxon Mobil by 625.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 469 shares during the last quarter. Cerebellum GP LLC lifted its holdings in Exxon Mobil by 3,424.1% in the 4th quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 993 shares during the last quarter. NuWave Investment Management LLC lifted its holdings in Exxon Mobil by 9,100.0% in the 4th quarter. NuWave Investment Management LLC now owns 1,472 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 1,456 shares during the last quarter. Colrain Capital LLC acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $101,000. Finally, CenterStar Asset Management LLC lifted its holdings in Exxon Mobil by 120.3% in the 4th quarter. CenterStar Asset Management LLC now owns 1,539 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 9,139 shares during the last quarter. 53.86% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE XOM opened at $73.79 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. The firm has a market capitalization of $323.11 billion, a P/E ratio of 14.97, a PEG ratio of 1.59 and a beta of 0.90. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $87.36.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.72%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, May 10th. Exxon Mobil’s dividend payout ratio is presently 70.59%.
Several equities research analysts recently weighed in on the company. HSBC restated a “buy” rating and issued a $86.50 target price on shares of Exxon Mobil in a report on Wednesday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a report on Friday, April 26th. Goldman Sachs Group reiterated a “hold” rating and set a $80.00 price target on shares of Exxon Mobil in a report on Monday, April 29th. Morgan Stanley initiated coverage on Exxon Mobil in a report on Monday, April 1st. They set an “equal weight” rating and a $84.00 price target for the company. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a report on Thursday, April 25th. Three research 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 stock currently has an average rating of “Hold” and a consensus target price of $84.81.
In related news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the transaction, the vice president now directly owns 219,423 shares in the company, valued at $16,750,751.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.
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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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