Exxon Mobil Co. (NYSE:XOM) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 52.2% during the 4th quarter, Holdings Channel reports. The firm owned 31,527 shares of the oil and gas company’s stock after selling 34,469 shares during the period. Siemens Fonds Invest GmbH’s holdings in Exxon Mobil were worth $3,391,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil in the 4th quarter valued at about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday. Scotiabank decreased their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $108.44 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market capitalization of $467.34 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.02 and a beta of 0.51. The business has a 50-day moving average of $109.00 and a 200-day moving average of $110.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 EPS. Exxon Mobil’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.