Standard Life Aberdeen plc raised its stake in shares of ExxonMobil (NYSE:XOM) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,080,266 shares of the oil and gas company’s stock after purchasing an additional 2,046 shares during the period. Standard Life Aberdeen plc owned 0.07% of ExxonMobil worth $258,111,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Litman Gregory Asset Management LLC bought a new position in shares of ExxonMobil in the 3rd quarter valued at about $131,000. Grubman Wealth Management bought a new position in shares of ExxonMobil in the 4th quarter valued at about $201,000. PrairieView Partners LLC bought a new position in shares of ExxonMobil in the 4th quarter valued at about $220,000. Broadleaf Partners LLC bought a new position in shares of ExxonMobil in the 4th quarter valued at about $233,000. Finally, GFS Private Wealth LLC bought a new position in shares of ExxonMobil in the 4th quarter valued at about $249,000. 51.95% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on the stock. Societe Generale reaffirmed a “buy” rating and issued a $87.00 price target on shares of ExxonMobil in a report on Tuesday, March 13th. ValuEngine raised shares of ExxonMobil from a “sell” rating to a “hold” rating in a report on Friday, May 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $83.00 price target on shares of ExxonMobil in a report on Monday, April 9th. HSBC reaffirmed a “buy” rating and issued a $88.00 price target on shares of ExxonMobil in a report on Monday, May 14th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $81.00 price target (down previously from $84.00) on shares of ExxonMobil in a report on Thursday, March 8th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.46.
ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, April 27th. The oil and gas company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.05). The company had revenue of $68.21 billion for the quarter, compared to analysts’ expectations of $61.49 billion. ExxonMobil had a return on equity of 8.22% and a net margin of 7.72%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. sell-side analysts anticipate that ExxonMobil will post 4.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Monday, May 14th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, May 11th. This is a positive change from ExxonMobil’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.92%. ExxonMobil’s dividend payout ratio (DPR) is 91.36%.
ExxonMobil Company Profile
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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