Clifford Swan Investment Counsel LLC Cuts Stake in Exxon Mobil Corporation (NYSE:XOM)

Clifford Swan Investment Counsel LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,511 shares of the oil and gas company's stock after selling 3,859 shares during the quarter. Exxon Mobil comprises approximately 1.4% of Clifford Swan Investment Counsel LLC's holdings, making the stock its 14th largest holding. Clifford Swan Investment Counsel LLC's holdings in Exxon Mobil were worth $37,048,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Winch Advisory Services LLC lifted its position in Exxon Mobil by 3.3% in the first quarter. Winch Advisory Services LLC now owns 6,632 shares of the oil and gas company's stock worth $789,000 after buying an additional 213 shares during the last quarter. Van Strum & Towne Inc. increased its stake in shares of Exxon Mobil by 6.1% during the first quarter. Van Strum & Towne Inc. now owns 48,594 shares of the oil and gas company's stock valued at $5,779,000 after buying an additional 2,792 shares during the period. HighPoint Advisor Group LLC increased its stake in shares of Exxon Mobil by 2.5% during the first quarter. HighPoint Advisor Group LLC now owns 183,976 shares of the oil and gas company's stock valued at $19,936,000 after buying an additional 4,405 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of Exxon Mobil by 0.3% during the first quarter. Crestwood Advisors Group LLC now owns 130,832 shares of the oil and gas company's stock valued at $15,560,000 after buying an additional 374 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Exxon Mobil by 0.3% during the first quarter. Hazlett Burt & Watson Inc. now owns 35,143 shares of the oil and gas company's stock valued at $4,180,000 after buying an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.1%

XOM traded up $0.13 during mid-day trading on Monday, hitting $107.90. 1,910,268 shares of the stock were exchanged, compared to its average volume of 15,808,895. The firm's fifty day moving average is $108.66 and its two-hundred day moving average is $108.98. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a market cap of $464.99 billion, a PE ratio of 14.32, a PEG ratio of 2.01 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 EPS. Exxon Mobil's revenue was up .1% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.42.

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.