Ironwood Investment Counsel LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,520 shares of the oil and gas company’s stock after selling 178 shares during the period. Ironwood Investment Counsel LLC’s holdings in Exxon Mobil were worth $2,831,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cordasco Financial Network grew its stake in shares of Exxon Mobil by 4.1% in the fourth quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 148 shares during the period. Sippican Capital Advisors grew its stake in shares of Exxon Mobil by 1.0% in the fourth quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock worth $1,044,000 after acquiring an additional 150 shares during the period. Altfest L J & Co. Inc. grew its stake in shares of Exxon Mobil by 0.5% in the fourth quarter. Altfest L J & Co. Inc. now owns 36,427 shares of the oil and gas company’s stock worth $2,484,000 after acquiring an additional 170 shares during the period. Triangle Securities Wealth Management grew its stake in shares of Exxon Mobil by 0.4% in the fourth quarter. Triangle Securities Wealth Management now owns 48,699 shares of the oil and gas company’s stock worth $3,321,000 after acquiring an additional 194 shares during the period. Finally, Evermay Wealth Management LLC grew its stake in shares of Exxon Mobil by 0.9% in the fourth quarter. Evermay Wealth Management LLC now owns 23,074 shares of the oil and gas company’s stock worth $1,573,000 after acquiring an additional 209 shares during the period. 54.64% of the stock is owned by institutional investors.
A number of analysts have recently commented on XOM shares. Royal Bank of Canada reiterated a “buy” rating and issued a $95.00 price target on shares of Exxon Mobil in a research note on Tuesday, February 19th. Macquarie upgraded shares of Exxon Mobil from an “underperform” rating to an “outperform” rating and set a $83.00 target price for the company in a research report on Thursday, February 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a research report on Tuesday, February 26th. HSBC restated a “buy” rating and set a $85.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 13th. Finally, Argus restated a “buy” rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $84.76.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). The firm had revenue of $63.63 billion during the quarter, compared to the consensus estimate of $67.35 billion. Exxon Mobil had a return on equity of 9.65% and a net margin of 6.49%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 4.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a $0.87 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Friday, May 10th. Exxon Mobil’s dividend payout ratio is presently 66.53%.
Exxon Mobil Company 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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