Concentric Capital Strategies LP Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

Concentric Capital Strategies LP lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 81.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,709 shares of the oil and gas company's stock after selling 11,891 shares during the period. Concentric Capital Strategies LP's holdings in Exxon Mobil were worth $291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XOM shares. Royal Bank of Canada decreased their price target on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a report on Monday. BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Scotiabank dropped 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 research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.85.

Exxon Mobil Price Performance

XOM stock opened at $106.10 on Friday. The stock's 50 day moving average is $108.97 and its two-hundred day moving average is $111.30. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market capitalization of $458.91 billion, a PE ratio of 13.53, 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 - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

About Exxon Mobil

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.

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