Exxon Mobil Corporation (XOM) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 1.4% during the first quarter, Holdings Channel reports. The fund owned 378,784 shares of the oil and gas company’s stock after selling 5,543 shares during the period. Exxon Mobil Corporation comprises approximately 0.9% of Capstone Asset Management Co.’s holdings, making the stock its 3rd largest position. Capstone Asset Management Co.’s holdings in Exxon Mobil Corporation were worth $31,064,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $380,254,000. First Bank & Trust purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $1,949,000. Aveo Capital Partners LLC purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $1,207,000. Robinson Value Management Ltd. purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $1,675,000. Finally, Hall Laurie J Trustee purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $5,862,000. 50.98% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Corporation (XOM) opened at 83.49 on Friday. Exxon Mobil Corporation has a 1-year low of $79.26 and a 1-year high of $95.55. The company’s 50-day moving average price is $81.90 and its 200-day moving average price is $83.90. The firm has a market capitalization of $353.77 billion, a P/E ratio of 34.83 and a beta of 0.86. Exxon Mobil Corporation also was the target of some unusual options trading on Thursday. Traders acquired 30,467 put options on the stock. This is an increase of 115% compared to the average volume of 14,191 put options.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. The firm had revenue of $63.29 billion for the quarter, compared to analysts’ expectations of $64.88 billion. During the same period in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corporation will post $3.90 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 12th were given a $0.77 dividend. This is a boost from Exxon Mobil Corporation’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Wednesday, May 10th. Exxon Mobil Corporation’s payout ratio is currently 128.33%.
A number of equities analysts have issued reports on the company. Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.59 target price for the company. in a report on Thursday, March 30th. Scotiabank set a $90.00 target price on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Thursday, March 2nd. Credit Suisse Group upgraded Exxon Mobil Corporation from an “underperform” rating to a “neutral” rating and set a $83.00 price target on the stock in a research report on Thursday, March 2nd. They noted that the move was a valuation call. Morgan Stanley reiterated a “sell” rating and issued a $84.00 price target on shares of Exxon Mobil Corporation in a research report on Thursday, April 13th. Finally, HSBC Holdings plc reiterated a “neutral” rating and issued a $85.00 price target on shares of Exxon Mobil Corporation in a research report on Thursday, April 13th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has an average rating of “Hold” and a consensus price target of $89.18.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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