Iowa State Bank lowered its stake in ExxonMobil (NYSE:XOM) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,378 shares of the oil and gas company’s stock after selling 812 shares during the period. ExxonMobil accounts for 2.2% of Iowa State Bank’s holdings, making the stock its 20th biggest position. Iowa State Bank’s holdings in ExxonMobil were worth $4,799,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Litman Gregory Asset Management LLC purchased a new position in shares of ExxonMobil during the third quarter worth $131,000. Grubman Wealth Management purchased a new position in shares of ExxonMobil during the fourth quarter worth $201,000. PrairieView Partners LLC purchased a new position in shares of ExxonMobil during the fourth quarter worth $220,000. Broadleaf Partners LLC purchased a new position in shares of ExxonMobil during the fourth quarter worth $233,000. Finally, GFS Private Wealth LLC purchased a new position in shares of ExxonMobil during the fourth quarter worth $249,000. 51.98% of the stock is owned by institutional investors and hedge funds.
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Several brokerages recently issued reports on XOM. Goldman Sachs Group reissued a “neutral” rating and set a $96.00 target price on shares of ExxonMobil in a report on Thursday, February 1st. Credit Suisse Group reduced their target price on shares of ExxonMobil from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Piper Jaffray Companies reissued a “hold” rating and set a $83.00 target price on shares of ExxonMobil in a report on Monday, February 5th. HSBC reissued a “buy” rating and set a $88.00 target price on shares of ExxonMobil in a report on Monday, May 14th. Finally, UBS reissued a “neutral” rating and set a $85.00 target price on shares of ExxonMobil in a report on Wednesday, May 16th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $86.41.
Shares of ExxonMobil opened at $78.71 on Monday, according to Marketbeat Ratings. ExxonMobil has a 52-week low of $72.15 and a 52-week high of $89.30. The stock has a market capitalization of $333.53 billion, a PE ratio of 21.92, a P/E/G ratio of 1.10 and a beta of 0.90. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.11.
ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, April 27th. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.05). ExxonMobil had a net margin of 7.72% and a return on equity of 8.22%. The company had revenue of $68.21 billion during the quarter, compared to analyst estimates of $61.49 billion. During the same quarter last year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. research analysts predict that ExxonMobil will post 4.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Monday, May 14th will be given a $0.82 dividend. This is a positive change from ExxonMobil’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, May 11th. This represents a $3.28 annualized dividend and a dividend yield of 4.17%. ExxonMobil’s dividend payout ratio (DPR) is 91.36%.
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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