Edgehill Endowment Partners LLC cut its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.3% in the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The company held 118,075 shares in the oil and gas company after selling 8,000 shares during the period. Exxon Mobil accounts for about 2.6% of Edgehill Endowment Partners LLC’s portfolio, making the stock its 8th largest holding. Edgehill Endowment Partners LLC’s holdings in Exxon Mobil were worth $9,752,000 when it last filed with the SEC.
Other large investors have also increased or reduced their stake in the company. Norges Bank bought a new stake in Exxon Mobil in Q4 worth $3,184,424,000. GQG Partners LLC increased its position in Exxon Mobil shares by 21.8% in the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company worth $1,982,114,000 after buying an additional 5,807,202 shares last quarter. Renaissance Technologies LLC increased its stake in Exxon Mobil by 134.3% during the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company valued at $386,314,000 after purchasing an additional 3,619,270 shares in the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company valued at $4,322,078,000 after purchasing an additional 3,441,825 shares last quarter. Finally, American Century Companies Inc. increased its stake in Exxon Mobil by 324.1% in the 4th quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company worth $160,209,000 after acquiring an additional 2,000,928 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s shares.
In other Exxon Mobil news, Vice Chairman Darrin L. Talley sold 2,147 shares of the company in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company, valued at $3,121,620.03. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, Vice Chairman Darrin L. Talley sold 2,500 shares of the company in a trade on Thursday, May 26. The stock was sold at an average price of $96.65, for a total value of $241,625.00. As a result of the transaction, the vice president now directly owns 32,510 shares of the company, valued at $3,142,091.50. The disclosure of this sale can be found here. Company insiders own 0.04% of the company’s shares.
NYSE XOM opened at $89.03 on Tuesday. Exxon Mobil Co. has a one-year low of $52.10 and a one-year high of $105.57. The company has a debt ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The company has a market capitalization of $375.04 billion, a price-to-earnings ratio of 14.76, a growth price-to-earnings ratio of 0.35 and a beta of 1.05. The company’s 50-day simple moving average is $91.47 and its two-hundred-day simple moving average is $81.42.
Exxon Mobil (NYSE:XOM – Get Rating) last released quarterly earnings data on Friday, April 29. The oil and gas company reported earnings per share (EPS) of $2.07 for the quarter, missing the consensus estimate of $2.25 per ($0.18). The company posted revenue of $90.50 billion for the quarter, versus $83.57 billion expected by analysts. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company’s quarterly revenue increased by 53.0% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.65. Stock analysts expect Exxon Mobil Co. to post earnings per share of 10.26 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Friday, May 13 received a dividend of $0.88. This represents an annualized dividend of $3.52 and a dividend yield of 3.95%. The ex-dividend date was Thursday, May 12. Exxon Mobil’s payout ratio is 58.37%.
Several equity research analysts have recently weighed in on the stock. Wells Fargo & Company raised its price target on Exxon Mobil shares from $93.00 to $107.00 and gave the stock an “overweight” rating in a Friday, March 11 research report. Credit Suisse Group has upgraded Exxon Mobil shares from a ‘neutral’ rating to an ‘outperforming’ rating and raised its price target for the company from $115.00 to $125.00 in a research report Tuesday, June 21. JPMorgan Chase & Co. set a price target of $100.00 on Exxon Mobil in a Tuesday, March 29 research report. Goldman Sachs Group raised its price target on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a Wednesday, June 8 report. Finally, Morgan Stanley raised its price target on Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a Monday, June 6 report. Two research analysts gave the stock a sell rating, ten gave the company a hold rating and eleven gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $89.24.
Exxon Mobil Company Profile (Get a rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and around the world. It operates through the Upstream, Downstream and Chemical segments. The Company is also involved in the manufacture, trade, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics and various other petrochemicals; and captures and stores carbon, hydrogen and biofuels.
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