Court Place Advisors LLC Trims Holdings in Exxon Mobil Corporation (NYSE:XOM)

Court Place Advisors LLC lessened its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,446 shares of the oil and gas company's stock after selling 4,451 shares during the period. Exxon Mobil comprises approximately 1.2% of Court Place Advisors LLC's holdings, making the stock its 21st biggest holding. Court Place Advisors LLC's holdings in Exxon Mobil were worth $3,740,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter worth about $25,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $45,000. Clarity Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Finally, Banque de Luxembourg S.A. bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on XOM shares. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank upped their price objective on Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a report on Friday. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Piper Sandler upped their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Price Performance

NYSE XOM traded up $0.47 during trading hours on Friday, reaching $115.40. The company's stock had a trading volume of 11,683,034 shares, compared to its average volume of 15,798,174. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm's 50-day moving average price is $107.83 and its 200-day moving average price is $108.72. The company has a market capitalization of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.21 and a beta of 0.50.

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, 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 for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. The company's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts predict 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. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. 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.