CORDA Investment Management LLC. Has $6.22 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

CORDA Investment Management LLC. lessened its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,298 shares of the oil and gas company's stock after selling 13,362 shares during the quarter. CORDA Investment Management LLC.'s holdings in Exxon Mobil were worth $6,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of XOM. Trek Financial LLC boosted its stake in shares of Exxon Mobil by 144.9% during the 1st quarter. Trek Financial LLC now owns 44,168 shares of the oil and gas company's stock worth $5,253,000 after acquiring an additional 26,130 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Exxon Mobil by 5.5% during the 1st quarter. Personal CFO Solutions LLC now owns 29,261 shares of the oil and gas company's stock worth $3,480,000 after acquiring an additional 1,534 shares during the last quarter. AlphaStar Capital Management LLC lifted its stake in shares of Exxon Mobil by 7.0% during the 1st quarter. AlphaStar Capital Management LLC now owns 81,332 shares of the oil and gas company's stock valued at $9,673,000 after buying an additional 5,303 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 0.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 113,672 shares of the oil and gas company's stock valued at $13,519,000 after buying an additional 862 shares in the last quarter. Finally, BXM Wealth LLC increased its holdings in Exxon Mobil by 6.9% in the 1st quarter. BXM Wealth LLC now owns 4,422 shares of the oil and gas company's stock valued at $526,000 after acquiring an additional 287 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Scotiabank increased their price objective on shares of Exxon Mobil from $115.00 to $125.00 and gave the stock a "sector outperform" rating in a research note on Friday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler increased their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $126.05.

Exxon Mobil Price Performance

XOM stock traded up $0.64 during trading on Friday, hitting $115.57. The company had a trading volume of 5,014,655 shares, compared to its average volume of 15,761,842. The firm has a market capitalization of $498.07 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 2.19 and a beta of 0.50. The business has a 50 day moving average of $107.83 and a 200 day moving average of $108.72. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week 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.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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 3.43%. Exxon Mobil's dividend payout ratio is 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.