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

CORDA Investment Management LLC. cut 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 disclosure with the Securities & Exchange Commission. The institutional investor owned 52,298 shares of the oil and gas company's stock after selling 13,362 shares during the period. CORDA Investment Management LLC.'s holdings in Exxon Mobil were worth $6,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in shares of Exxon Mobil by 35.3% during the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after purchasing an additional 4,760 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $863,000. GC Wealth Management RIA LLC lifted its position in shares of Exxon Mobil by 63.7% during the fourth quarter. GC Wealth Management RIA LLC now owns 6,014 shares of the oil and gas company's stock worth $647,000 after purchasing an additional 2,341 shares in the last quarter. AGF Management Ltd. lifted its position in shares of Exxon Mobil by 9.3% during the fourth quarter. AGF Management Ltd. now owns 329,882 shares of the oil and gas company's stock worth $35,485,000 after purchasing an additional 27,944 shares in the last quarter. Finally, Cascade Financial Partners LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $268,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen boosted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.55.

Exxon Mobil Stock Down 0.3%

Exxon Mobil stock opened at $113.80 on Thursday. The stock has a market capitalization of $490.44 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $107.65 and a 200-day moving average of $108.66.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the firm posted $2.06 earnings per share. The business's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

About Exxon Mobil

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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