Congress Asset Management Co. Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Congress Asset Management Co. reduced its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 45.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,675 shares of the oil and gas company's stock after selling 44,295 shares during the quarter. Congress Asset Management Co.'s holdings in Exxon Mobil were worth $6,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Scotiabank cut 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 report on Friday, April 11th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Trading Up 0.4%

Shares of XOM stock traded up $0.40 on Thursday, reaching $109.71. 17,447,260 shares of the company's stock were exchanged, compared to its average volume of 15,617,339. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $472.81 billion, a PE ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49. The company's fifty day simple moving average is $105.14 and its 200 day simple moving average is $108.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its 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 return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The business's revenue was up .1% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. Exxon Mobil's payout ratio is 52.52%.

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.