Franklin Street Advisors Inc. NC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,114 shares of the oil and gas company’s stock after selling 2,356 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Exxon Mobil were worth $4,610,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Foundation Resource Management Inc. increased its stake in shares of Exxon Mobil by 1.3% in the 4th quarter. Foundation Resource Management Inc. now owns 289,837 shares of the oil and gas company’s stock worth $24,242,000 after acquiring an additional 3,779 shares in the last quarter. White Lighthouse Investment Management Inc. bought a new position in shares of Exxon Mobil in the 4th quarter worth about $390,000. Founders Capital Management LLC increased its stake in shares of Exxon Mobil by 94.3% in the 4th quarter. Founders Capital Management LLC now owns 8,429 shares of the oil and gas company’s stock worth $705,000 after acquiring an additional 4,090 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Exxon Mobil by 10.6% in the 4th quarter. DnB Asset Management AS now owns 519,961 shares of the oil and gas company’s stock worth $43,490,000 after acquiring an additional 49,749 shares in the last quarter. Finally, Fruth Investment Management increased its stake in shares of Exxon Mobil by 4.9% in the 4th quarter. Fruth Investment Management now owns 64,405 shares of the oil and gas company’s stock worth $5,386,000 after acquiring an additional 3,023 shares in the last quarter. Institutional investors and hedge funds own 53.11% of the company’s stock.
Shares of XOM stock opened at $73.99 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.82. The stock has a market cap of $318,318.16, a PE ratio of 15.98, a PEG ratio of 1.12 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $73.53 and a 1-year high of $89.30.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The company had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.00%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. sell-side analysts forecast that Exxon Mobil Co. will post 4.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, February 9th. Exxon Mobil’s payout ratio is presently 66.52%.
XOM has been the subject of several research reports. Vetr lowered shares of Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $92.50 price target for the company. in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Saturday, January 13th. Bank of America restated a “buy” rating and set a $102.00 price objective on shares of Exxon Mobil in a research note on Wednesday, February 28th. Societe Generale restated a “buy” rating and set a $87.00 price objective on shares of Exxon Mobil in a research note on Tuesday, March 13th. Finally, HSBC upgraded shares of Exxon Mobil from a “reduce” rating to a “buy” rating and raised their price objective for the company from $73.60 to $82.50 in a research note on Thursday, March 15th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and an average target price of $86.55.
TRADEMARK VIOLATION WARNING: “Franklin Street Advisors Inc. NC Decreases Holdings in Exxon Mobil Co. (XOM)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2018/03/21/franklin-street-advisors-inc-nc-decreases-holdings-in-exxon-mobil-co-xom.html.
Exxon Mobil 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.
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.