CORDA Investment Management LLC. Sells 13,362 Shares of Exxon Mobil Corporation (NYSE:XOM)

CORDA Investment Management LLC. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XOM. Norges Bank bought a new position in Exxon Mobil in the 4th quarter worth $6,936,737,000. GAMMA Investing LLC lifted its holdings in Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the period. Franklin Resources Inc. lifted its holdings in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after buying an additional 4,140,046 shares during the period. Northern Trust Corp lifted its holdings in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Exxon Mobil in the fourth quarter worth about $240,653,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on XOM shares. Scotiabank lowered their price objective 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. 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. 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 research note on Tuesday. Mizuho decreased 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. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $125.55.

Exxon Mobil Stock Up 1.0%

NYSE:XOM traded up $1.12 on Thursday, reaching $114.92. 14,891,478 shares of the stock traded hands, compared to its average volume of 15,780,671. The company has a market capitalization of $495.26 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 2.19 and a beta of 0.50. 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 Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company's fifty day simple moving average is $107.65 and its 200 day simple moving average is $108.66.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS 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 firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business posted $2.06 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.45%. Exxon Mobil's dividend payout ratio is presently 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.