Saturna Capital CORP lowered its position in ExxonMobil (NYSE:XOM) by 17.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,496 shares of the oil and gas company’s stock after selling 1,332 shares during the period. Saturna Capital CORP’s holdings in ExxonMobil were worth $543,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of ExxonMobil by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after purchasing an additional 1,595,027 shares during the period. Legal & General Group Plc lifted its position in shares of ExxonMobil by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock worth $1,930,784,000 after purchasing an additional 360,596 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of ExxonMobil by 6.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 22,716,523 shares of the oil and gas company’s stock worth $1,899,993,000 after purchasing an additional 1,314,210 shares during the period. Ameriprise Financial Inc. lifted its position in shares of ExxonMobil by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 18,988,328 shares of the oil and gas company’s stock worth $1,556,586,000 after purchasing an additional 527,894 shares during the period. Finally, APG Asset Management N.V. lifted its position in shares of ExxonMobil by 22.2% in the 4th quarter. APG Asset Management N.V. now owns 16,887,241 shares of the oil and gas company’s stock worth $1,176,257,000 after purchasing an additional 3,068,500 shares during the period. Hedge funds and other institutional investors own 53.25% of the company’s stock.

XOM has been the topic of a number of recent analyst reports. Goldman Sachs set a $92.00 price target on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Monday, January 22nd. HSBC restated a “sell” rating and issued a $70.00 price target on shares of ExxonMobil in a research report on Thursday, February 15th. Jefferies Group set a $90.00 price target on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, January 19th. Bank of America restated a “buy” rating and issued a $102.00 price target on shares of ExxonMobil in a research report on Wednesday, February 28th. Finally, Vetr upgraded shares of ExxonMobil from a “hold” rating to a “buy” rating and set a $87.50 price objective for the company in a research note on Monday, February 5th. 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 has an average rating of “Hold” and a consensus target price of $86.75.

Shares of XOM stock opened at $81.88 on Friday. The firm has a market cap of $346.58 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.80 and a quick ratio of 0.50. ExxonMobil has a 12 month low of $81.17 and a 12 month high of $81.82.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.05). The business had revenue of $68.21 billion for the quarter, compared to the consensus estimate of $61.49 billion. ExxonMobil had a net margin of 7.72% and a return on equity of 8.22%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. analysts forecast that ExxonMobil will post 4.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 14th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Friday, May 11th. This is a positive change from ExxonMobil’s previous quarterly dividend of $0.77. ExxonMobil’s payout ratio is 91.36%.

ExxonMobil 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 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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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