Exxon Mobil Co. (NYSE:XOM) Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,489 shares of the oil and gas company’s stock after selling 67,565 shares during the period. Exxon Mobil makes up approximately 0.8% of Investment Management Corp of Ontario’s portfolio, making the stock its 23rd biggest holding. Investment Management Corp of Ontario’s holdings in Exxon Mobil were worth $22,750,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of XOM. Geode Capital Management LLC grew its holdings in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock valued at $10,023,875,000 after purchasing an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at about $6,936,737,000. Northern Trust Corp increased its holdings in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp raised its position in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.2 %

Shares of XOM stock opened at $107.38 on Friday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm’s 50 day moving average price is $108.97 and its two-hundred day moving average price is $111.15. The stock has a market cap of $464.45 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the prior year, the company earned $2.06 EPS. The firm’s revenue was up .1% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on XOM. Mizuho dropped their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Royal Bank of Canada reduced their target price on shares of Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.85.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.