Cypress Capital Group raised its position in Exxon Mobil Corporation (NYSE:XOM) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,407 shares of the oil and gas company’s stock after purchasing an additional 150 shares during the quarter. Exxon Mobil Corporation accounts for approximately 1.5% of Cypress Capital Group’s portfolio, making the stock its 19th largest holding. Cypress Capital Group’s holdings in Exxon Mobil Corporation were worth $6,348,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Pentwater Capital Management LP purchased a new position in shares of Exxon Mobil Corporation in the 1st quarter worth about $2,706,000. Signaturefd LLC raised its holdings in shares of Exxon Mobil Corporation by 0.3% in the 1st quarter. Signaturefd LLC now owns 45,068 shares of the oil and gas company’s stock worth $3,696,000 after purchasing an additional 154 shares during the period. Sii Investments Inc. WI raised its holdings in shares of Exxon Mobil Corporation by 2.1% in the 1st quarter. Sii Investments Inc. WI now owns 70,675 shares of the oil and gas company’s stock worth $5,797,000 after purchasing an additional 1,430 shares during the period. Level Four Advisory Services LLC raised its holdings in shares of Exxon Mobil Corporation by 46.9% in the 1st quarter. Level Four Advisory Services LLC now owns 29,908 shares of the oil and gas company’s stock worth $2,465,000 after purchasing an additional 9,546 shares during the period. Finally, State Street Corp raised its holdings in shares of Exxon Mobil Corporation by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after purchasing an additional 15,740,895 shares during the period. Institutional investors own 50.82% of the company’s stock.
In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.
Shares of Exxon Mobil Corporation (XOM) traded down 0.27% on Friday, reaching $78.82. The company’s stock had a trading volume of 8,436,033 shares. The stock has a 50-day moving average of $78.44 and a 200 day moving average of $80.89. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The stock has a market capitalization of $333.97 billion, a price-to-earnings ratio of 28.41 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, analysts expect that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.91%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
Several equities research analysts recently commented on the company. Wolfe Research downgraded Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $83.00 target price on shares of Exxon Mobil Corporation in a report on Tuesday, May 30th. Zacks Investment Research downgraded Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. BMO Capital Markets raised their target price on Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, June 21st. Finally, Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.47 target price on the stock in a report on Monday, July 24th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus target price of $84.41.
Exxon Mobil Corporation Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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