Beese Fulmer Investment Management Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 112,164 shares of the oil and gas company’s stock after acquiring an additional 745 shares during the quarter. Exxon Mobil comprises approximately 1.7% of Beese Fulmer Investment Management Inc.’s holdings, making the stock its 14th biggest position. Beese Fulmer Investment Management Inc.’s holdings in Exxon Mobil were worth $7,648,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Cerebellum GP LLC grew 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 buying an additional 993 shares in the last quarter. NuWave Investment Management LLC grew 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 buying an additional 1,456 shares in the last quarter. CenterStar Asset Management LLC grew 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 buying an additional 9,139 shares in the last quarter. Mackey Komara & Dankovich LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $107,000. Finally, WESPAC Advisors SoCal LLC bought a new position in Exxon Mobil in the 3rd quarter worth approximately $110,000. 54.64% of the stock is owned by institutional investors.
XOM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. set a $87.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, February 1st. Morgan Stanley assumed coverage on Exxon Mobil in a report on Monday, April 1st. They issued an “equal weight” rating and a $84.00 price objective for the company. HSBC restated a “buy” rating and issued a $85.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 13th. Bank of America set a $105.00 target price on Exxon Mobil and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Zacks Investment Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Sunday, January 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $84.76.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.65%. The company had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. During the same quarter last year, the company posted $1.09 EPS. Exxon Mobil’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 4.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $0.87 per share. 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. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.82. Exxon Mobil’s dividend payout ratio is 66.53%.
About Exxon Mobil
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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