Custos Family Office LLC Sells 5,450 Shares of Exxon Mobil Corporation (NYSE:XOM)

Custos Family Office LLC lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 65.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,836 shares of the oil and gas company's stock after selling 5,450 shares during the period. Custos Family Office LLC's holdings in Exxon Mobil were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XOM. Altus Wealth Group LLC boosted its stake in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after acquiring an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares during the period. WPWealth LLP raised its holdings in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares during the period. Centurion Wealth Management LLC lifted its position in Exxon Mobil by 1.1% during the fourth quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock valued at $944,000 after purchasing an additional 97 shares in the last quarter. Finally, Clarity Asset Management Inc. grew its holdings in Exxon Mobil by 29.7% during the fourth 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 during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 1.0%

Shares of Exxon Mobil stock traded up $1.10 on Friday, reaching $112.15. The company had a trading volume of 11,223,580 shares, compared to its average volume of 15,759,096. The firm has a market cap of $483.33 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.15 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm's 50-day moving average price is $107.25 and its two-hundred day moving average price is $108.48. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler raised shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and increased their price objective for the stock from $125.00 to $131.00 in a research note on Wednesday. Finally, UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $125.40.

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.