Cypress Capital LLC Sells 1,000 Shares of Exxon Mobil Co. (NYSE:XOM)

Cypress Capital LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,232 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Cypress Capital LLC’s holdings in Exxon Mobil were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Roble Belko & Company Inc increased its stake in Exxon Mobil by 2.4% in the fourth quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 129 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in Exxon Mobil by 0.8% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock worth $1,060,000 after buying an additional 130 shares during the last quarter. Puzo Michael J grew its stake in Exxon Mobil by 0.3% during the fourth quarter. Puzo Michael J now owns 41,910 shares of the oil and gas company’s stock worth $2,564,000 after buying an additional 135 shares during the last quarter. Destiny Wealth Partners LLC grew its stake in Exxon Mobil by 1.2% during the fourth quarter. Destiny Wealth Partners LLC now owns 12,050 shares of the oil and gas company’s stock worth $737,000 after buying an additional 137 shares during the last quarter. Finally, SMH Capital Advisors Inc. grew its stake in Exxon Mobil by 3.5% during the fourth quarter. SMH Capital Advisors Inc. now owns 4,155 shares of the oil and gas company’s stock worth $254,000 after buying an additional 139 shares during the last quarter. 54.07% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on XOM shares. Cowen upped their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. TheStreet raised shares of Exxon Mobil from a “c+” rating to a “b-” rating in a research note on Wednesday, January 19th. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a research note on Thursday, March 3rd. Citigroup upped their target price on shares of Exxon Mobil from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, March 3rd. Finally, Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a research report on Thursday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $82.10.

Shares of XOM stock traded up $0.56 during trading hours on Tuesday, hitting $85.02. 34,469,294 shares of the company were exchanged, compared to its average volume of 32,165,604. The business has a 50 day moving average of $84.41 and a two-hundred day moving average of $73.99. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $92.05. The company has a market capitalization of $358.15 billion, a PE ratio of 14.01, a PEG ratio of 0.44 and a beta of 1.06.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. During the same period in the prior year, the company earned $0.65 EPS. The firm’s revenue was up 53.0% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 10.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 13th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Thursday, May 12th. Exxon Mobil’s dividend payout ratio is 58.37%.

Exxon Mobil declared that its board has authorized a share repurchase plan on Tuesday, February 1st that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the oil and gas company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Exxon Mobil Company Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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