Adams Natural Resources Fund Inc. Decreases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Adams Natural Resources Fund Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,353,755 shares of the oil and gas company's stock after selling 80,200 shares during the period. Exxon Mobil accounts for about 20.4% of Adams Natural Resources Fund Inc.'s investment portfolio, making the stock its largest position. Adams Natural Resources Fund Inc.'s holdings in Exxon Mobil were worth $161,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tallon Kerry Patrick bought a new stake in Exxon Mobil in the fourth quarter worth $789,000. SOA Wealth Advisors LLC. increased its position in Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock worth $753,000 after purchasing an additional 1,595 shares during the last quarter. Partners Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter worth $1,316,000. Boothe Investment Group Inc. increased its position in Exxon Mobil by 10.9% in the fourth quarter. Boothe Investment Group Inc. now owns 30,904 shares of the oil and gas company's stock worth $3,324,000 after purchasing an additional 3,044 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Exxon Mobil by 2.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 6,387 shares of the oil and gas company's stock worth $687,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XOM. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.10.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $110.15 on Friday. The stock has a market cap of $474.71 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 2.10 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a 50-day moving average of $106.98 and a two-hundred day moving average of $108.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 EPS. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. Exxon Mobil's payout ratio is presently 52.52%.

Exxon Mobil Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.