Exxon Mobil Co. (NYSE:XOM) Holdings Cut by Syntal Capital Partners LLC
Syntal Capital Partners LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,754 shares of the oil and gas company’s stock after selling 1,844 shares during the quarter. Exxon Mobil comprises approximately 2.1% of Syntal Capital Partners LLC’s investment portfolio, making the stock its 9th largest position. Syntal Capital Partners LLC’s holdings in Exxon Mobil were worth $3,392,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Zevin Asset Management LLC raised its position in Exxon Mobil by 1.6% in the 4th 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 last quarter. Jackson Financial Management increased its position in shares of Exxon Mobil by 2.1% during the 4th quarter. Jackson Financial Management now owns 6,776 shares of the oil and gas company’s stock worth $462,000 after purchasing an additional 142 shares during the last quarter. Cordasco Financial Network increased its position in shares of Exxon Mobil by 4.1% during the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock worth $257,000 after purchasing an additional 148 shares during the last quarter. Sippican Capital Advisors increased its position in shares of Exxon Mobil by 1.0% during the 4th quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 150 shares during the last quarter. Finally, First National Bank of Hutchinson increased its position in shares of Exxon Mobil by 1.2% during the 4th quarter. First National Bank of Hutchinson now owns 13,896 shares of the oil and gas company’s stock worth $948,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.
XOM has been the topic of a number of recent analyst reports. HSBC reissued a “buy” rating and set a $85.00 target price on shares of Exxon Mobil in a report on Wednesday, February 13th. Macquarie raised Exxon Mobil from an “underperform” rating to an “outperform” rating and set a $83.00 target price on the stock in a report on Thursday, February 14th. Zacks Investment Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Saturday, February 16th. Royal Bank of Canada reissued a “buy” rating and set a $95.00 target price on shares of Exxon Mobil in a report on Tuesday, February 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a report on Tuesday, February 26th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $84.81.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS 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 business had revenue of $63.63 billion for the quarter, compared to the consensus estimate of $67.35 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 3.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 13th were given a dividend of $0.87 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.48 annualized dividend and a dividend yield of 4.65%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the transaction, the vice president now owns 219,423 shares in the company, valued at $16,750,751.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.
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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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