ExxonMobil (XOM) Stake Lessened by Country Trust Bank
Country Trust Bank reduced its position in shares of ExxonMobil (NYSE:XOM) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 426,179 shares of the oil and gas company’s stock after selling 8,702 shares during the period. ExxonMobil comprises about 1.5% of Country Trust Bank’s holdings, making the stock its 24th largest position. Country Trust Bank’s holdings in ExxonMobil were worth $35,646,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in XOM. Asset Management Advisors LLC lifted its position in ExxonMobil by 0.3% in the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 7 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its position in ExxonMobil by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after acquiring an additional 30 shares during the last quarter. Lehman Financial Resources Inc. lifted its position in ExxonMobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after acquiring an additional 35 shares during the last quarter. Intellectus Partners LLC raised its holdings in shares of ExxonMobil by 0.7% in the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 41 shares during the last quarter. Finally, Bellwether Investment Group LLC raised its holdings in shares of ExxonMobil by 1.3% in the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after buying an additional 44 shares during the last quarter. 53.11% of the stock is owned by institutional investors and hedge funds.
ExxonMobil (NYSE XOM) opened at $73.50 on Friday. ExxonMobil has a one year low of $73.39 and a one year high of $89.30. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. The stock has a market cap of $313,529.81, a PE ratio of 15.87, a PEG ratio of 1.11 and a beta of 0.91.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were given a dividend of $0.77 per share. The ex-dividend date was Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.19%. ExxonMobil’s payout ratio is currently 66.52%.
A number of brokerages have recently commented on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of ExxonMobil in a report on Friday, November 24th. Goldman Sachs reaffirmed a “neutral” rating and issued a $96.00 target price on shares of ExxonMobil in a report on Thursday, February 1st. Wells Fargo set a $88.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a report on Thursday, January 11th. Vetr raised shares of ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $92.90 target price for the company in a report on Wednesday, December 13th. Finally, Barclays cut shares of ExxonMobil from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $91.00 to $84.00 in a report on Tuesday, February 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.55.
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil (NYSE:XOM).
Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.