Ferguson Wellman Capital Management Inc. Trims Stake in Exxon Mobil Co. (XOM)

Ferguson Wellman Capital Management Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM) by 9.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 142,184 shares of the oil and gas company’s stock after selling 14,783 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Exxon Mobil were worth $9,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC grew its stake 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 valued at $70,000 after buying an additional 993 shares during the last quarter. WESPAC Advisors SoCal LLC bought a new stake in Exxon Mobil during the third quarter valued at about $110,000. Mackey Komara & Dankovich LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $107,000. Camarda Financial Advisors LLC grew its position in shares of Exxon Mobil by 175.2% in the third quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV grew its position in shares of Exxon Mobil by 112.7% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 1,000 shares during the last quarter. 54.53% of the stock is owned by institutional investors and hedge funds.

Shares of XOM stock opened at $82.49 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.84 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36. The company has a market capitalization of $347.68 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.46 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.43. The business had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. Exxon Mobil’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 4.02 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 11th were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $3.28 annualized dividend and a yield of 3.98%. Exxon Mobil’s dividend payout ratio (DPR) is currently 66.53%.

Several equities analysts recently weighed in on XOM shares. Wells Fargo & Co boosted their price objective on Exxon Mobil from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday. Morgan Stanley initiated coverage on Exxon Mobil in a report on Monday, April 1st. They issued an “equal weight” rating and a $84.00 target price on the stock. Bank of America set a $105.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research report on Thursday, March 7th. Mizuho set a $84.00 price target on Exxon Mobil and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, Cowen cut Exxon Mobil from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $100.00 to $75.00 in a research report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $84.69.

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

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