Access Financial Services Inc. Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Access Financial Services Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,067 shares of the oil and gas company’s stock after selling 4,788 shares during the quarter. Access Financial Services Inc.’s holdings in Exxon Mobil were worth $1,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zevin Asset Management LLC lifted its holdings in Exxon Mobil by 1.6% in the fourth quarter. Zevin Asset Management LLC now owns 8,743 shares of the oil and gas company’s stock valued at $596,000 after buying an additional 141 shares during the period. Jackson Financial Management lifted its holdings in Exxon Mobil by 2.1% in the fourth quarter. Jackson Financial Management now owns 6,776 shares of the oil and gas company’s stock valued at $462,000 after buying an additional 142 shares during the period. Kiwi Wealth Investments Limited Partnership lifted its holdings in Exxon Mobil by 1.5% in the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 9,737 shares of the oil and gas company’s stock valued at $664,000 after buying an additional 146 shares during the period. Cordasco Financial Network lifted its holdings in 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 valued at $257,000 after buying an additional 148 shares during the period. Finally, Sippican Capital Advisors lifted its holdings in 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 valued at $1,044,000 after buying an additional 150 shares during the period. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE XOM opened at $74.35 on Friday. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36. The stock has a market cap of $314.58 billion, a PE ratio of 15.08, a P/E/G ratio of 1.52 and a beta of 0.95. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The company had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. During the same quarter in the prior year, the company posted $1.09 EPS. Exxon Mobil’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 3.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 13th were given a dividend of $0.87 per share. The ex-dividend date was Friday, May 10th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 annualized dividend and a dividend yield of 4.68%. Exxon Mobil’s payout ratio is presently 70.59%.

Several equities analysts recently issued reports on the stock. HSBC restated a “neutral” rating and issued a $86.50 target price on shares of Exxon Mobil in a report on Thursday, May 23rd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, May 16th. Goldman Sachs Group restated a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a report on Monday, April 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $87.00 target price on shares of Exxon Mobil in a report on Friday, April 26th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $84.81.

In other news, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total transaction of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

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

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