John W. Brooker & Co. CPAs Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

John W. Brooker & Co. CPAs reduced its position in Exxon Mobil Co. (NYSE:XOM) by 22.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,838 shares of the oil and gas company’s stock after selling 536 shares during the quarter. John W. Brooker & Co. CPAs’ holdings in Exxon Mobil were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in XOM. Norges Bank purchased a new stake in Exxon Mobil in the fourth quarter worth $3,055,993,000. State Street Corp grew its position in shares of Exxon Mobil by 2.5% in the fourth quarter. State Street Corp now owns 202,281,808 shares of the oil and gas company’s stock valued at $14,115,225,000 after purchasing an additional 5,019,413 shares in the last quarter. Capital Research Global Investors grew its position in shares of Exxon Mobil by 7.6% in the fourth quarter. Capital Research Global Investors now owns 66,388,650 shares of the oil and gas company’s stock valued at $4,632,600,000 after purchasing an additional 4,674,009 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $190,392,000. Finally, Geode Capital Management LLC grew its position in shares of Exxon Mobil by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 61,969,806 shares of the oil and gas company’s stock valued at $4,315,899,000 after purchasing an additional 1,790,650 shares in the last quarter. 55.59% of the stock is owned by institutional investors and hedge funds.

In related news, VP Neil W. Duffin acquired 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average price of $36.41 per share, for a total transaction of $1,092,300.00. Following the completion of the acquisition, the vice president now owns 571,150 shares in the company, valued at $20,795,571.50. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Darren W. Woods acquired 2,858 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $60.53 per share, for a total transaction of $172,994.74. Following the acquisition, the chief executive officer now owns 818,032 shares of the company’s stock, valued at approximately $49,515,476.96. The disclosure for this purchase can be found here. In the last quarter, insiders bought 41,629 shares of company stock worth $1,666,295. Company insiders own 0.05% of the company’s stock.

Several brokerages have recently weighed in on XOM. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $64.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Cfra cut Exxon Mobil from a “hold” rating to a “sell” rating and reduced their price target for the company from to in a research report on Tuesday, March 10th. Argus cut Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Thursday. CSFB reiterated a “neutral” rating and issued a $48.00 price target on shares of Exxon Mobil in a research report on Thursday, March 12th. Finally, Morgan Stanley dropped their price objective on Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, March 16th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $58.85.

XOM stock traded down $1.19 during mid-day trading on Friday, hitting $39.21. 48,380,922 shares of the stock were exchanged, compared to its average volume of 33,181,848. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.49. The business has a fifty day moving average price of $46.98 and a 200 day moving average price of $63.34. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month high of $83.49. The stock has a market capitalization of $158.83 billion, a price-to-earnings ratio of 11.67 and a beta of 1.26.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.89. Exxon Mobil had a return on equity of 5.11% and a net margin of 5.41%. The firm had revenue of $67.17 billion during the quarter, compared to analyst estimates of $64.58 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post -0.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 11th were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.48 annualized dividend and a dividend yield of 8.88%. Exxon Mobil’s dividend payout ratio is currently 154.67%.

Exxon Mobil Company Profile

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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