Empowered Funds LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM - Get Rating) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 824,833 shares of the oil and gas company's stock after selling 34,984 shares during the quarter. Exxon Mobil comprises 5.3% of Empowered Funds LLC's investment portfolio, making the stock its 2nd biggest holding. Empowered Funds LLC's holdings in Exxon Mobil were worth $90,451,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Empirical Finance LLC boosted its holdings in Exxon Mobil by 4.4% in the first quarter. Empirical Finance LLC now owns 122,597 shares of the oil and gas company's stock worth $13,444,000 after acquiring an additional 5,194 shares in the last quarter. Cullinan Associates Inc. boosted its holdings in Exxon Mobil by 9.7% in the first quarter. Cullinan Associates Inc. now owns 242,114 shares of the oil and gas company's stock worth $26,550,000 after acquiring an additional 21,397 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. boosted its holdings in Exxon Mobil by 0.8% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company's stock worth $1,237,000 after acquiring an additional 87 shares in the last quarter. Stillwater Investment Management LLC boosted its holdings in Exxon Mobil by 0.8% in the first quarter. Stillwater Investment Management LLC now owns 14,110 shares of the oil and gas company's stock worth $1,547,000 after acquiring an additional 109 shares in the last quarter. Finally, InTrack Investment Management Inc boosted its holdings in Exxon Mobil by 38.9% in the first quarter. InTrack Investment Management Inc now owns 13,968 shares of the oil and gas company's stock worth $1,607,000 after acquiring an additional 3,911 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors.
Exxon Mobil Stock Performance
Shares of XOM opened at $105.13 on Monday. The stock has a market cap of $425.04 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 0.61 and a beta of 1.09. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $109.32 and a two-hundred day simple moving average of $109.80. Exxon Mobil Co. has a 52 week low of $80.69 and a 52 week high of $119.92.
Exxon Mobil (NYSE:XOM - Get Rating) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The firm's revenue was down 4.3% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 9.59 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.46%. Exxon Mobil's payout ratio is 24.64%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. HSBC boosted their price target on Exxon Mobil from $113.50 to $115.50 and gave the stock a "hold" rating in a research note on Thursday, April 20th. Scotiabank cut Exxon Mobil from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. Jefferies Financial Group decreased their price target on Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. StockNews.com assumed coverage on Exxon Mobil in a research note on Thursday, May 18th. They issued a "hold" rating for the company. Finally, Royal Bank of Canada cut Exxon Mobil from an "outperform" rating to a "sector perform" rating and set a $125.00 price target for the company. in a research note on Thursday, June 1st. One 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.70.
Insider Transactions at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company's stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company's stock.
About Exxon Mobil
(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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