Concord Wealth Partners Cuts Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Concord Wealth Partners decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,197 shares of the oil and gas company's stock after selling 6,968 shares during the quarter. Concord Wealth Partners' holdings in Exxon Mobil were worth $4,662,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XOM. Proficio Capital Partners LLC increased its stake in Exxon Mobil by 35.3% in the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock valued at $1,963,000 after purchasing an additional 4,760 shares in the last quarter. Boston Partners boosted its position in shares of Exxon Mobil by 0.4% during the fourth quarter. Boston Partners now owns 511,908 shares of the oil and gas company's stock worth $55,073,000 after buying an additional 2,157 shares during the period. Brooklyn FI LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $343,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Exxon Mobil by 185.3% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,285 shares of the oil and gas company's stock worth $1,746,000 after purchasing an additional 10,577 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after buying an additional 94 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $111.73 on Friday. The company has a market capitalization of $481.51 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50. 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 12 month low of $97.80 and a 12 month high of $126.34. The firm's 50-day moving average is $108.65 and its two-hundred day moving average is $108.96.

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 for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the company posted $2.06 EPS. The business's revenue for the quarter was up .1% on a year-over-year basis. Analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil's payout ratio is presently 52.52%.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Piper Sandler lifted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.42.

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.

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