Harbour Capital Advisors LLC Decreases Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Harbour Capital Advisors LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.5% in the first quarter, HoldingsChannel reports. The firm owned 51,132 shares of the oil and gas company’s stock after selling 280 shares during the quarter. Exxon Mobil accounts for 1.4% of Harbour Capital Advisors LLC’s portfolio, making the stock its 15th largest position. Harbour Capital Advisors LLC’s holdings in Exxon Mobil were worth $5,749,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOM. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $6,936,737,000. GAMMA Investing LLC raised its holdings in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the period. Bank of New York Mellon Corp lifted its position in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. lifted its position in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after buying an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.1%

Shares of NYSE XOM opened at $108.41 on Thursday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock’s fifty day simple moving average is $106.92 and its two-hundred day simple moving average is $108.54. The stock has a market capitalization of $467.21 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.17 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the company earned $2.06 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XOM shares. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Scotiabank reduced their price target 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. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday. Finally, Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil 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.