Securian Asset Management Inc Sells 7,203 Shares of Exxon Mobil Co. (NYSE:XOM)
Securian Asset Management Inc lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 413,994 shares of the oil and gas company’s stock after selling 7,203 shares during the period. Securian Asset Management Inc’s holdings in Exxon Mobil were worth $15,719,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. TFO TDC LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Gs Investments Inc. lifted its stake in shares of Exxon Mobil by 543.5% during the fourth quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 375 shares during the period. PrairieView Partners LLC acquired a new position in shares of Exxon Mobil during the first quarter valued at $37,000. Evolution Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 299.3% during the fourth quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 431 shares during the period. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $40,000. Institutional investors own 55.61% of the company’s stock.
Several equities analysts have recently issued reports on XOM shares. BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating in a research note on Wednesday. Berenberg Bank set a $63.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, February 3rd. Argus lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Royal Bank of Canada reissued a “sell” rating and issued a $42.00 target price on shares of Exxon Mobil in a research note on Friday, May 1st. Finally, UBS Group increased their target price on Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $56.65.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.49. The firm had revenue of $56.16 billion during the quarter, compared to the consensus estimate of $58.25 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The business’s revenue was down 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post -0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 13th will be given a $0.87 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 8.29%. Exxon Mobil’s payout ratio is 154.67%.
In other Exxon Mobil news, VP Neil W. Duffin acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of $36.41 per share, with a total value of $1,092,300.00. Following the completion of the transaction, the vice president now directly owns 571,150 shares in the company, valued at approximately $20,795,571.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William C. Weldon acquired 4,591 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $43.56 per share, with a total value of $199,983.96. Following the completion of the transaction, the director now owns 30,947 shares of the company’s stock, valued at $1,348,051.32. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 38,771 shares of company stock valued at $1,493,300. Insiders own 0.05% of the company’s stock.
About Exxon Mobil
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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