Armstrong Fleming & Moore Inc Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Armstrong Fleming & Moore Inc trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 85.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,932 shares of the oil and gas company's stock after selling 17,822 shares during the period. Armstrong Fleming & Moore Inc's holdings in Exxon Mobil were worth $349,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. 10Elms LLP purchased a new position in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the 4th quarter worth approximately $36,000. Finally, Compass Planning Associates Inc purchased a new position in Exxon Mobil in the 4th quarter worth approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.5%

NYSE:XOM opened at $101.79 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $438.67 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The business has a fifty day moving average price of $105.71 and a 200-day moving average price of $109.29.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.89%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XOM. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Company 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.