Cim LLC Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

Cim LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,183 shares of the oil and gas company’s stock after selling 2,514 shares during the quarter. Cim LLC’s holdings in Exxon Mobil were worth $2,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. New World Advisors LLC lifted its stake in Exxon Mobil by 4.8% in the third quarter. New World Advisors LLC now owns 10,222 shares of the oil and gas company’s stock worth $645,000 after acquiring an additional 468 shares during the period. Janus Henderson Group PLC raised its holdings in Exxon Mobil by 1.0% in the third quarter. Janus Henderson Group PLC now owns 1,394,224 shares of the oil and gas company’s stock worth $82,005,000 after purchasing an additional 13,350 shares in the last quarter. Captrust Financial Advisors raised its holdings in Exxon Mobil by 39.5% in the third quarter. Captrust Financial Advisors now owns 501,824 shares of the oil and gas company’s stock worth $29,517,000 after purchasing an additional 141,981 shares in the last quarter. Easterly Investment Partners LLC raised its holdings in Exxon Mobil by 5.9% in the third quarter. Easterly Investment Partners LLC now owns 34,252 shares of the oil and gas company’s stock worth $2,015,000 after purchasing an additional 1,907 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Exxon Mobil by 351.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 68,840 shares of the oil and gas company’s stock worth $4,049,000 after purchasing an additional 53,606 shares in the last quarter. 54.07% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

XOM has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on shares of Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a report on Thursday, March 3rd. StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Cowen boosted their target price on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, MKM Partners upped their price objective on shares of Exxon Mobil from $81.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $89.24.

Exxon Mobil stock opened at $87.86 on Thursday. 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 12 month low of $52.10 and a 12 month high of $105.57. The stock’s 50 day simple moving average is $91.53 and its two-hundred day simple moving average is $80.64. The firm has a market cap of $370.11 billion, a PE ratio of 14.57, a P/E/G ratio of 0.35 and a beta of 1.05.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings data 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 company had revenue of $90.50 billion during the quarter, compared to analysts’ expectations of $83.57 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The company’s revenue for the quarter was up 53.0% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 10.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were given a $0.88 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.52 annualized dividend and a yield of 4.01%. Exxon Mobil’s dividend payout ratio is presently 58.37%.

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.

Further Reading

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

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