Guinness Atkinson Asset Management Inc trimmed its stake in Exxon Mobil Co. (NYSE:XOM - Get Rating) by 18.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,828 shares of the oil and gas company's stock after selling 1,780 shares during the period. Guinness Atkinson Asset Management Inc's holdings in Exxon Mobil were worth $858,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Moneta Group Investment Advisors LLC increased its stake in Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company's stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the period. Norges Bank purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $5,226,390,000. Price T Rowe Associates Inc. MD increased its stake in Exxon Mobil by 94.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company's stock worth $3,463,672,000 after buying an additional 19,230,872 shares during the period. Morgan Stanley increased its stake in Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company's stock worth $5,788,398,000 after buying an additional 5,566,797 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Exxon Mobil by 272.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,606,938 shares of the oil and gas company's stock worth $287,545,000 after buying an additional 1,906,940 shares during the period. 58.59% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Stock Down 2.2 %
XOM stock opened at $102.77 on Wednesday. Exxon Mobil Co. has a one year low of $80.69 and a one year high of $119.92. The stock has a market capitalization of $415.50 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. The company has a fifty day moving average of $108.88 and a 200-day moving average of $109.71.
Exxon Mobil (NYSE:XOM - Get Rating) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company had revenue of $86.56 billion during the quarter, compared to analysts' expectations of $90.07 billion. During the same quarter last year, the business earned $2.07 EPS. The business's revenue was down 4.3% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 9.59 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 24.64%.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of the firm's stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.04% of the company's stock.
Analyst Upgrades and Downgrades
XOM has been the topic of several recent research reports. Scotiabank downgraded shares of Exxon Mobil from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an "overweight" rating in a research note on Friday, March 3rd. Morgan Stanley increased their price objective on shares of Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. Royal Bank of Canada downgraded shares of Exxon Mobil from an "outperform" rating to a "sector perform" rating and set a $125.00 price objective on the stock. in a research report on Thursday, June 1st. Finally, Jefferies Financial Group dropped their price objective on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $124.70.
Exxon Mobil Profile
(Get Rating)Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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