Lyell Wealth Management LP decreased its stake in ExxonMobil (NYSE:XOM) by 27.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,143 shares of the oil and gas company’s stock after selling 5,798 shares during the period. Lyell Wealth Management LP’s holdings in ExxonMobil were worth $1,267,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in ExxonMobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in ExxonMobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after acquiring an additional 7,134,305 shares in the last quarter. Stifel Financial Corp lifted its stake in ExxonMobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after acquiring an additional 3,764,256 shares in the last quarter. APG Asset Management N.V. lifted its stake in 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 acquiring an additional 3,068,500 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in ExxonMobil by 34.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,841,645 shares of the oil and gas company’s stock worth $810,213,000 after acquiring an additional 2,539,700 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.
Several brokerages recently issued reports on XOM. UBS reissued a “neutral” rating and issued a $83.00 price objective on shares of ExxonMobil in a research note on Monday. Vetr downgraded ExxonMobil from a “strong-buy” rating to a “buy” rating and set a $81.94 price target for the company. in a research note on Tuesday, April 10th. Credit Suisse Group reaffirmed a “neutral” rating and set a $82.00 price target on shares of ExxonMobil in a research note on Friday, April 13th. JPMorgan Chase reaffirmed a “neutral” rating and set a $83.00 price target on shares of ExxonMobil in a research note on Monday, April 9th. Finally, Citigroup reaffirmed a “neutral” rating and set a $81.00 price target (down from $84.00) on shares of ExxonMobil in a research note on Thursday, March 8th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. ExxonMobil presently has an average rating of “Hold” and an average price target of $86.64.
ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). ExxonMobil had a net margin of 7.61% and a return on equity of 8.00%. The company had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. research analysts forecast that ExxonMobil will post 4.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 14th will be issued a $0.82 dividend. The ex-dividend date is Friday, May 11th. This represents a $3.28 dividend on an annualized basis and a yield of 4.06%. This is a positive change from ExxonMobil’s previous quarterly dividend of $0.77. ExxonMobil’s dividend payout ratio (DPR) is 85.79%.
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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