Great Valley Advisor Group Inc. Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Great Valley Advisor Group Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,951 shares of the oil and gas company’s stock after selling 3,665 shares during the period. Great Valley Advisor Group Inc.’s holdings in Exxon Mobil were worth $2,422,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Two Sigma Advisers LP purchased a new position in Exxon Mobil in the third quarter worth $57,426,000. Summit Financial Group Inc. boosted its position in Exxon Mobil by 3.4% in the fourth quarter. Summit Financial Group Inc. now owns 49,506 shares of the oil and gas company’s stock worth $3,029,000 after purchasing an additional 1,650 shares during the last quarter. MJP Associates Inc. ADV boosted its position in Exxon Mobil by 8.3% in the fourth quarter. MJP Associates Inc. ADV now owns 4,720 shares of the oil and gas company’s stock worth $300,000 after purchasing an additional 363 shares during the last quarter. Symmetry Partners LLC boosted its position in Exxon Mobil by 87.8% in the fourth quarter. Symmetry Partners LLC now owns 58,637 shares of the oil and gas company’s stock worth $3,588,000 after purchasing an additional 27,406 shares during the last quarter. Finally, Clough Capital Partners L P boosted its position in Exxon Mobil by 77.7% in the third quarter. Clough Capital Partners L P now owns 594,700 shares of the oil and gas company’s stock worth $34,980,000 after purchasing an additional 260,000 shares during the last quarter. 54.07% of the stock is currently owned by institutional investors.

Exxon Mobil stock traded up $0.71 during midday trading on Tuesday, hitting $91.66. 311,585 shares of the company’s stock were exchanged, compared to its average volume of 31,808,490. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week high of $92.05. The stock has a 50-day moving average price of $84.76 and a two-hundred day moving average price of $74.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The company has a market cap of $386.12 billion, a P/E ratio of 15.08, a PEG ratio of 0.43 and a beta of 1.06.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The business had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Exxon Mobil’s quarterly revenue was up 53.0% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 10.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors 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 yield of 3.84%. The ex-dividend date is Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

Exxon Mobil declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 1st that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Several research analysts have weighed in on XOM shares. Cowen boosted their price objective on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Credit Suisse Group boosted their target price on Exxon Mobil from $95.00 to $102.00 in a research note on Monday, May 2nd. Wells Fargo & Company boosted their target price on Exxon Mobil from $93.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, March 11th. JPMorgan Chase & Co. set a $100.00 target price on Exxon Mobil in a research note on Tuesday, March 29th. Finally, BMO Capital Markets boosted their target price on Exxon Mobil from $73.00 to $86.00 and gave the company a “hold” rating in a research note on Thursday, March 3rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.10.

Exxon Mobil 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.

See Also

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

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