Foothills Asset Management Ltd. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.5% during the first quarter, Holdings Channel reports. The fund owned 22,968 shares of the oil and gas company’s stock after selling 1,340 shares during the period. Foothills Asset Management Ltd.’s holdings in Exxon Mobil Corporation were worth $1,884,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Exxon Mobil Corporation during the fourth quarter worth approximately $101,000. Psagot Investment House Ltd. purchased a new stake in Exxon Mobil Corporation during the fourth quarter worth approximately $119,000. Empirical Finance LLC purchased a new stake in Exxon Mobil Corporation during the fourth quarter worth approximately $172,000. Cordasco Financial Network boosted its stake in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the last quarter. Finally, Mosaic Financial Partners Inc. purchased a new stake in Exxon Mobil Corporation during the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 50.98% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 83.49 on Friday. Exxon Mobil Corporation has a 12-month low of $79.26 and a 12-month high of $95.55. The stock has a 50 day moving average of $81.90 and a 200 day moving average of $83.90. The company has a market cap of $353.77 billion, a price-to-earnings ratio of 34.83 and a beta of 0.86. Exxon Mobil Corporation also saw unusually large options trading activity on Thursday. Investors acquired 30,467 put options on the stock. This is an increase of approximately 115% compared to the average daily volume of 14,191 put options.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, April 28th. The oil and gas company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The company had revenue of $63.29 billion during the quarter, compared to analyst estimates of $64.88 billion. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. Exxon Mobil Corporation’s revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Equities research analysts predict that Exxon Mobil Corporation will post $3.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 12th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Wednesday, May 10th. This is a boost from Exxon Mobil Corporation’s previous quarterly dividend of $0.75. Exxon Mobil Corporation’s dividend payout ratio is currently 128.33%.
A number of research analysts recently weighed in on XOM shares. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $88.94 price objective on the stock. in a research report on Monday, February 27th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research report on Tuesday, April 25th. Bank of America Corporation upgraded shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.00 to $100.00 in a research report on Thursday, May 11th. Scotiabank upgraded shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and increased their price objective for the company from $85.00 to $86.00 in a research report on Monday, June 5th. Finally, Argus restated a “focus list” rating and set a $104.00 price objective (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and a consensus price target of $89.18.
About Exxon Mobil Corporation
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.
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/exxon-mobil-corporation-xom-stake-cut-by-foothills-asset-management-ltd/1916926.html
Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.