Putnam Investments LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,241,904 shares of the oil and gas company’s stock after selling 226,002 shares during the period. Exxon Mobil makes up about 0.9% of Putnam Investments LLC’s holdings, making the stock its 19th largest position. Putnam Investments LLC owned 0.10% of Exxon Mobil worth $382,875,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at $101,000. Willis Investment Counsel boosted its stake in shares of Exxon Mobil by 6.1% in the fourth quarter. Willis Investment Counsel now owns 293,370 shares of the oil and gas company’s stock valued at $26,480,000 after buying an additional 16,915 shares during the period. GSB Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $1,002,000. PagnatoKarp Partners LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $1,456,000. Finally, Wills Financial Group Inc. boosted its stake in shares of Exxon Mobil by 3.0% in the fourth quarter. Wills Financial Group Inc. now owns 78,606 shares of the oil and gas company’s stock valued at $7,095,000 after buying an additional 2,306 shares during the period. 51.09% of the stock is owned by institutional investors and hedge funds.
Shares of Exxon Mobil Co. (NYSE:XOM) traded down 0.24% during mid-day trading on Monday, hitting $81.55. The stock had a trading volume of 8,227,074 shares. The stock has a 50 day moving average price of $82.02 and a 200 day moving average price of $84.38. Exxon Mobil Co. has a 52 week low of $80.30 and a 52 week high of $95.55. The firm has a market cap of $345.55 billion, a PE ratio of 34.02 and a beta of 0.91.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.85 by $0.10. The firm had revenue of $63.29 billion during the quarter, compared to the consensus estimate of $64.88 billion. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post $3.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 12th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.78%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, May 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 159.58%.
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XOM has been the topic of several research reports. Barclays PLC dropped their price target on shares of Exxon Mobil from $97.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 1st. JPMorgan Chase & Co. restated a “neutral” rating and set a $94.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 1st. Credit Suisse Group AG set a $78.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a report on Wednesday, February 1st. Goldman Sachs Group Inc set a $89.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Wednesday, February 1st. Finally, Royal Bank of Canada set a $95.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, February 1st. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.28.
About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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