Aptus Capital Advisors LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 76.8% during the first quarter, Holdings Channel reports. The institutional investor owned 9,603 shares of the oil and gas company’s stock after selling 31,725 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Exxon Mobil were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in XOM. ETRADE Capital Management LLC lifted its holdings in shares of Exxon Mobil by 8.6% in the fourth quarter. ETRADE Capital Management LLC now owns 95,345 shares of the oil and gas company’s stock worth $6,653,000 after acquiring an additional 7,533 shares during the last quarter. Solstein Capital LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $609,000. Renaissance Technologies LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $190,392,000. Calton & Associates Inc. raised its holdings in shares of Exxon Mobil by 33.2% during the fourth quarter. Calton & Associates Inc. now owns 23,171 shares of the oil and gas company’s stock valued at $1,617,000 after purchasing an additional 5,773 shares during the period. Finally, Coastal Capital Group Inc. boosted its position in shares of Exxon Mobil by 34.6% during the 4th quarter. Coastal Capital Group Inc. now owns 15,406 shares of the oil and gas company’s stock worth $1,075,000 after purchasing an additional 3,964 shares in the last quarter. 55.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE XOM opened at $42.00 on Friday. The company has a market capitalization of $188.77 billion, a P/E ratio of 15.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $77.93. The company has a fifty day moving average of $42.12 and a 200-day moving average of $57.67.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.49. The firm had revenue of $56.16 billion during the quarter, compared to analyst estimates of $58.25 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The company’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post -0.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend is Tuesday, May 12th. Exxon Mobil’s dividend payout ratio is currently 154.67%.

Several brokerages recently weighed in on XOM. Cowen dropped their price target on shares of Exxon Mobil from $58.00 to $54.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Wells Fargo & Co boosted their price target on shares of Exxon Mobil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Berenberg Bank set a $63.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, February 3rd. Credit Suisse Group increased their price objective on Exxon Mobil from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, DZ Bank downgraded Exxon Mobil from a “hold” rating to a “sell” rating and set a $56.00 price target for the company. in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $56.65.

In other Exxon Mobil news, Director William C. Weldon purchased 4,180 shares of the business’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $48.09 per share, for a total transaction of $201,016.20. Following the completion of the transaction, the director now directly owns 30,947 shares in the company, valued at approximately $1,488,241.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William C. Weldon acquired 4,591 shares of Exxon Mobil stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of $43.56 per share, for a total transaction of $199,983.96. Following the completion of the purchase, the director now directly owns 30,947 shares of the company’s stock, valued at approximately $1,348,051.32. The disclosure for this purchase can be found here. Insiders have acquired 38,771 shares of company stock worth $1,493,300 over the last quarter. Company insiders own 0.05% of the company’s stock.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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