Cypress Capital Group Has $14.25 Million Position in Exxon Mobil Corporation $XOM

Cypress Capital Group lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 2.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 132,142 shares of the oil and gas company’s stock after selling 2,900 shares during the quarter. Exxon Mobil comprises about 1.8% of Cypress Capital Group’s investment portfolio, making the stock its 14th biggest position. Cypress Capital Group’s holdings in Exxon Mobil were worth $14,245,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XOM. Nuveen LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter worth about $2,730,414,000. GQG Partners LLC lifted its stake in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after buying an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $607,621,000. Ameriprise Financial Inc. lifted its stake in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after buying an additional 2,332,293 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $111.76 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm has a market cap of $476.46 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.03 and a beta of 0.51. The company’s 50-day moving average price is $111.63 and its two-hundred day moving average price is $109.36.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion for the quarter. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XOM shares. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Finally, Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.05.

Check Out Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

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.

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

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