Strs Ohio cut its holdings in ExxonMobil Corporation (NYSE:XOM – Free Report) by 4.4% during the first quarter, Holdings Channel.com reports. The firm owned 1,997,275 shares of the oil and gas company’s stock after selling 92,801 shares during the quarter. ExxonMobil accounts for about 1.3% of Strs Ohio’s portfolio, making the stock its 9th biggest position. Strs Ohio’s holdings in ExxonMobil were worth $338,858,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. Portus Wealth Advisors LLC bought a new stake in ExxonMobil during the 1st quarter worth about $36,000. Berbice Capital Management LLC bought a new position in shares of ExxonMobil in the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil in the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares in the last quarter. Finally, Key Capital Management INC acquired a new position in ExxonMobil during the fourth quarter valued at approximately $28,000. Institutional investors own 61.80% of the company’s stock.
Wall Street Analysts Forecast Growth
XOM has been the topic of a number of analyst reports. Scotiabank upped their price objective on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Sanford C. Bernstein reduced their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Finally, Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.70.
ExxonMobil Price Performance
Shares of NYSE:XOM traded up $4.33 during midday trading on Tuesday, hitting $140.78. The stock had a trading volume of 1,441,138 shares, compared to its average volume of 20,213,465. The company’s 50-day moving average price is $147.37 and its 200-day moving average price is $144.79. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $583.51 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17.
ExxonMobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the business posted $1.76 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities research analysts predict that ExxonMobil Corporation will post 11.9 EPS for the current fiscal year.
ExxonMobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.
ExxonMobil Company Profile
ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.
ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.
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