KCM Investment Advisors LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,790 shares of the oil and gas company’s stock after selling 7,632 shares during the quarter. KCM Investment Advisors LLC’s holdings in Exxon Mobil were worth $7,744,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Cowen Prime Services LLC increased its position in shares of Exxon Mobil by 8.5% during the fourth quarter. Cowen Prime Services LLC now owns 7,270 shares of the oil and gas company’s stock worth $608,000 after purchasing an additional 570 shares in the last quarter. Partnervest Advisory Services LLC grew its holdings in Exxon Mobil by 3.8% in the 4th quarter. Partnervest Advisory Services LLC now owns 15,640 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 578 shares in the last quarter. Mycio Wealth Partners LLC grew its holdings in Exxon Mobil by 1.3% in the 4th quarter. Mycio Wealth Partners LLC now owns 45,944 shares of the oil and gas company’s stock valued at $3,843,000 after buying an additional 595 shares in the last quarter. Dividend Assets Capital LLC grew its holdings in Exxon Mobil by 1.6% in the 4th quarter. Dividend Assets Capital LLC now owns 36,722 shares of the oil and gas company’s stock valued at $3,071,000 after buying an additional 595 shares in the last quarter. Finally, Glenview State Bank Trust DEPT. grew its holdings in Exxon Mobil by 0.8% in the 4th quarter. Glenview State Bank Trust DEPT. now owns 79,818 shares of the oil and gas company’s stock valued at $6,676,000 after buying an additional 630 shares in the last quarter. 51.93% of the stock is owned by institutional investors.
XOM stock traded up $0.55 during mid-day trading on Monday, reaching $78.81. The company had a trading volume of 7,965,600 shares, compared to its average volume of 13,426,659. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. The firm has a market capitalization of $336.54 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.41 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The company had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. Exxon Mobil’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. analysts expect that Exxon Mobil Co. will post 4.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.
Several analysts have issued reports on XOM shares. Raymond James upgraded Exxon Mobil from an “underperform” rating to a “market perform” rating in a report on Monday, April 23rd. They noted that the move was a valuation call. UBS Group reiterated a “neutral” rating and set a $83.00 price target on shares of Exxon Mobil in a report on Monday, April 23rd. JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, April 27th. Credit Suisse Group set a $82.00 price target on Exxon Mobil and gave the stock a “hold” rating in a report on Friday, April 27th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $83.00 price target on shares of Exxon Mobil in a report on Monday, April 30th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $86.98.
Exxon Mobil 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.
Featured Story: What do I need to know about analyst ratings?
Receive News & Ratings for Exxon Mobil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Exxon Mobil and related companies with MarketBeat.com’s FREE daily email newsletter.