Exxon Mobil Co. (XOM) Shares Sold by Howard Capital Management Inc.

Howard Capital Management Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 97.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,000 shares of the oil and gas company’s stock after selling 129,151 shares during the period. Exxon Mobil comprises approximately 0.4% of Howard Capital Management Inc.’s holdings, making the stock its 9th largest holding. Howard Capital Management Inc.’s holdings in Exxon Mobil were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in XOM. Vanguard Group Inc. raised its position in Exxon Mobil by 1.0% during the third quarter. Vanguard Group Inc. now owns 329,558,203 shares of the oil and gas company’s stock valued at $28,019,038,000 after acquiring an additional 3,269,684 shares in the last quarter. Vanguard Group Inc grew its holdings in Exxon Mobil by 1.0% in the third quarter. Vanguard Group Inc now owns 329,558,203 shares of the oil and gas company’s stock valued at $28,019,038,000 after purchasing an additional 3,269,684 shares during the period. Morgan Stanley grew its holdings in Exxon Mobil by 19.6% in the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock valued at $1,872,372,000 after purchasing an additional 3,614,568 shares during the period. Legal & General Group Plc grew its holdings in Exxon Mobil by 1.1% in the third quarter. Legal & General Group Plc now owns 20,342,056 shares of the oil and gas company’s stock valued at $1,729,678,000 after purchasing an additional 216,323 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Exxon Mobil by 2.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,020,654 shares of the oil and gas company’s stock valued at $1,192,036,000 after purchasing an additional 284,946 shares during the period. Institutional investors and hedge funds own 54.63% of the company’s stock.

Several analysts have commented on XOM shares. HSBC reissued a “buy” rating and issued a $82.00 price objective on shares of Exxon Mobil in a report on Monday, January 14th. Royal Bank of Canada set a $95.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research note on Friday, February 1st. JPMorgan Chase & Co. set a $87.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, February 1st. Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, February 1st. Finally, Goldman Sachs Group set a $79.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, February 1st. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $84.76.

NYSE XOM traded up $0.65 during trading hours on Friday, hitting $76.56. 11,054,821 shares of the company were exchanged, compared to its average volume of 11,443,023. The company has a market cap of $325.31 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.60 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). The business had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 3.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be given a $0.87 dividend. The ex-dividend date is Friday, May 10th. This is a boost 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 4.55%. Exxon Mobil’s dividend payout ratio is 66.53%.

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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.

Further Reading: Capital gains and your 401(k) or IRA

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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