Ipswich Investment Management Co. Inc. Sells 6,438 Shares of Exxon Mobil Co. (NYSE:XOM)

Ipswich Investment Management Co. Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.4% during the 1st quarter, Holdings Channel reports. The fund owned 112,915 shares of the oil and gas company’s stock after selling 6,438 shares during the quarter. Exxon Mobil comprises 2.3% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 6th largest holding. Ipswich Investment Management Co. Inc.’s holdings in Exxon Mobil were worth $9,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Norges Bank purchased a new position in shares of Exxon Mobil during the 4th quarter worth $3,184,424,000. GQG Partners LLC raised its holdings in Exxon Mobil by 21.8% in the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after buying an additional 5,807,202 shares during the period. Renaissance Technologies LLC raised its holdings in Exxon Mobil by 134.3% in the 4th quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock valued at $386,314,000 after buying an additional 3,619,270 shares during the period. Geode Capital Management LLC raised its holdings in Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after buying an additional 3,441,825 shares during the period. Finally, American Century Companies Inc. raised its holdings in Exxon Mobil by 324.1% in the 4th quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock valued at $160,209,000 after buying an additional 2,000,928 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at $3,142,091.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

Shares of XOM opened at $86.08 on Friday. The stock has a 50 day moving average price of $91.69 and a 200 day moving average price of $82.90. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $362.62 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week high of $105.57.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 11.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is 58.37%.

Several analysts recently issued reports on XOM shares. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $115.00 to $125.00 in a report on Tuesday, June 21st. Cowen boosted their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Argus boosted their price objective on shares of Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Cowen boosted their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Finally, StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.48.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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