Foster Group Inc. Sells 588 Shares of Exxon Mobil Co. (NYSE:XOM)


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Foster Group Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,703 shares of the oil and gas company’s stock after selling 588 shares during the quarter. Foster Group Inc.’s holdings in Exxon Mobil were worth $821,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of XOM. United Bank raised its holdings in shares of Exxon Mobil by 9.4% in the 3rd quarter. United Bank now owns 29,935 shares of the oil and gas company’s stock valued at $1,028,000 after purchasing an additional 2,575 shares during the period. IHT Wealth Management LLC raised its holdings in Exxon Mobil by 12.8% in the 3rd quarter. IHT Wealth Management LLC now owns 27,073 shares of the oil and gas company’s stock valued at $929,000 after acquiring an additional 3,080 shares during the period. Kingsview Wealth Management LLC raised its holdings in Exxon Mobil by 56.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 100,955 shares of the oil and gas company’s stock valued at $3,466,000 after acquiring an additional 36,478 shares during the period. Chiron Capital Management LLC bought a new position in Exxon Mobil in the 3rd quarter valued at about $1,456,000. Finally, Jeppson Wealth Management LLC bought a new position in Exxon Mobil in the 3rd quarter valued at about $825,000. 50.90% of the stock is currently owned by institutional investors.

In other Exxon Mobil news, Director Michael J. Angelakis purchased 25,000 shares of the company’s stock in a transaction dated Monday, March 1st. The stock was purchased at an average price of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at $457,280. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by company insiders.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. reissued a “buy” rating and issued a $56.00 price target on shares of Exxon Mobil in a report on Wednesday, February 3rd. Raymond James raised shares of Exxon Mobil from an “underperform” rating to a “market perform” rating in a report on Tuesday. Barclays increased their price target on shares of Exxon Mobil from $50.00 to $65.00 in a report on Friday, February 26th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $53.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 2nd. Finally, UBS Group restated a “neutral” rating and set a $62.00 target price (up previously from $48.00) on shares of Exxon Mobil in a research report on Monday, March 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.26.

Shares of NYSE:XOM opened at $56.00 on Thursday. The company has a market cap of $237.08 billion, a price-to-earnings ratio of 33.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $57.71 and a 200 day simple moving average of $46.04. Exxon Mobil Co. has a one year low of $31.11 and a one year high of $62.55.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Monday, February 1st. The oil and gas company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $46.54 billion during the quarter, compared to the consensus estimate of $48.76 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The firm’s revenue was down 30.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. As a group, analysts expect that Exxon Mobil Co. will post -0.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 10th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend was Tuesday, February 9th. Exxon Mobil’s payout ratio is currently 154.67%.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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