Game Creek Capital LP Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Game Creek Capital LP reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,098 shares of the oil and gas company’s stock after selling 250 shares during the quarter. Game Creek Capital LP’s holdings in Exxon Mobil were worth $1,194,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XOM. Norges Bank purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $6,936,737,000. Bank of New York Mellon Corp raised its holdings in shares of 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. Pacer Advisors Inc. grew its holdings in shares of Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after buying an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Finally, Northern Trust Corp raised its stake in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.2 %

XOM opened at $107.38 on Friday. The business has a fifty day simple moving average of $108.97 and a 200-day simple moving average of $111.21. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a market cap of $464.45 billion, a P/E ratio of 13.70, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Barclays decreased their target price on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

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.