Washington Trust Bank lifted its position in Exxon Mobil Co. (NYSE:XOM) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,768 shares of the oil and gas company’s stock after purchasing an additional 1,764 shares during the period. Washington Trust Bank’s holdings in Exxon Mobil were worth $4,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after purchasing an additional 10,366,636 shares in the last quarter. Capital Research Global Investors grew its stake in Exxon Mobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after acquiring an additional 2,058,060 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Exxon Mobil by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock valued at $2,286,658,000 after acquiring an additional 1,595,027 shares in the last quarter. Legal & General Group Plc grew its stake in Exxon Mobil by 1.6% during the third quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock valued at $1,930,784,000 after acquiring an additional 360,596 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Exxon Mobil by 4.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 21,402,313 shares of the oil and gas company’s stock valued at $1,754,562,000 after acquiring an additional 878,857 shares in the last quarter. 53.18% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on XOM. Societe Generale reaffirmed a “buy” rating and set a $87.00 target price on shares of Exxon Mobil in a research note on Tuesday, March 13th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $83.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. HSBC raised shares of Exxon Mobil from a “reduce” rating to a “buy” rating and raised their target price for the company from $73.60 to $82.50 in a research note on Thursday. Zacks Investment Research cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, JPMorgan Chase & Co. set a $81.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, December 12th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average price target of $86.55.
Shares of Exxon Mobil Co. (NYSE XOM) opened at $75.12 on Friday. The stock has a market cap of $315,351.91, a PE ratio of 16.22, a PEG ratio of 1.11 and a beta of 0.91. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $73.53 and a twelve month high of $89.30.
Exxon Mobil (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 Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The firm had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. Exxon Mobil’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. research analysts expect that Exxon Mobil Co. will post 4.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.10%. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.52%.
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Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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