Lederer & Associates Investment Counsel CA trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 38.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,513 shares of the oil and gas company’s stock after selling 8,925 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in Exxon Mobil were worth $990,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cerebellum GP LLC boosted its stake in shares of Exxon Mobil by 3,424.1% during the 4th quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 993 shares in the last quarter. WESPAC Advisors SoCal LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth about $110,000. NuWave Investment Management LLC boosted its stake in shares of Exxon Mobil by 9,100.0% during the 4th quarter. NuWave Investment Management LLC now owns 1,472 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 1,456 shares in the last quarter. CenterStar Asset Management LLC boosted its stake in shares of Exxon Mobil by 120.3% during the 4th quarter. CenterStar Asset Management LLC now owns 1,539 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 9,139 shares in the last quarter. Finally, Mackey Komara & Dankovich LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $107,000. 54.64% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Goldman Sachs Group reissued a “hold” rating and set a $80.00 target price on shares of Exxon Mobil in a research note on Monday, April 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a research note on Friday, April 26th. Royal Bank of Canada reissued a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research note on Thursday, April 25th. Berenberg Bank restated a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a research report on Thursday, April 11th. Finally, Tudor Pickering assumed coverage on shares of Exxon Mobil in a research report on Monday, April 8th. They set a “hold” rating and a $82.49 price target for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $84.76.

XOM opened at $77.13 on Tuesday. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. The stock has a market cap of $328.28 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.56 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.20). The company had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. Exxon Mobil had a return on equity of 9.65% and a net margin of 6.49%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 4.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a $0.87 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.48 dividend on an annualized basis and a yield of 4.51%. Exxon Mobil’s dividend payout ratio is presently 66.53%.

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

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