Cypress Wealth Services LLC purchased a new stake in ExxonMobil (NYSE:XOM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,418 shares of the oil and gas company’s stock, valued at approximately $4,886,000. ExxonMobil makes up approximately 2.0% of Cypress Wealth Services LLC’s holdings, making the stock its 8th largest position.
Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Clarus Wealth Advisors acquired a new stake in ExxonMobil during the 4th quarter valued at $459,000. Grimes & Company Inc. raised its stake in ExxonMobil by 18.0% during the 4th quarter. Grimes & Company Inc. now owns 71,246 shares of the oil and gas company’s stock valued at $5,959,000 after purchasing an additional 10,888 shares during the period. Crossmark Global Holdings Inc. raised its stake in ExxonMobil by 0.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 365,649 shares of the oil and gas company’s stock valued at $30,583,000 after purchasing an additional 1,439 shares during the period. QCI Asset Management Inc. NY raised its stake in ExxonMobil by 2.7% during the 4th quarter. QCI Asset Management Inc. NY now owns 234,719 shares of the oil and gas company’s stock valued at $19,632,000 after purchasing an additional 6,241 shares during the period. Finally, Evanson Asset Management LLC raised its stake in ExxonMobil by 13.1% during the 4th quarter. Evanson Asset Management LLC now owns 47,261 shares of the oil and gas company’s stock valued at $3,953,000 after purchasing an additional 5,478 shares during the period. 53.25% of the stock is currently owned by institutional investors.
XOM has been the topic of several recent analyst reports. Bank of America set a $100.00 target price on shares of ExxonMobil and gave the company a “buy” rating in a research note on Wednesday, March 7th. UBS reissued a “neutral” rating and set a $83.00 target price on shares of ExxonMobil in a research note on Monday, April 23rd. Vetr downgraded shares of ExxonMobil from a “strong-buy” rating to a “buy” rating and set a $87.14 target price on the stock. in a research note on Tuesday, February 27th. Goldman Sachs reissued a “neutral” rating and set a $85.00 target price on shares of ExxonMobil in a research note on Thursday, March 8th. Finally, Zacks Investment Research downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Five equities research 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. The company currently has a consensus rating of “Hold” and a consensus target price of $86.75.
ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.05). The business had revenue of $68.21 billion during the quarter, compared to the consensus estimate of $61.49 billion. ExxonMobil had a return on equity of 8.22% and a net margin of 7.72%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. equities analysts anticipate that ExxonMobil will post 4.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Monday, May 14th will be issued a $0.82 dividend. The ex-dividend date is Friday, May 11th. This is a boost from ExxonMobil’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a yield of 4.01%. ExxonMobil’s dividend payout ratio is currently 91.36%.
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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