Custos Family Office LLC Trims Position in Exxon Mobil Corporation (NYSE:XOM)

Custos Family Office LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 65.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Tallon Kerry Patrick purchased a new position in Exxon Mobil during the 4th quarter valued at about $789,000. SOA Wealth Advisors LLC. boosted its position in Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after acquiring an additional 1,595 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after acquiring an additional 1,875,320 shares in the last quarter. Duncker Streett & Co. Inc. boosted its position in Exxon Mobil by 3.4% during the 4th quarter. Duncker Streett & Co. Inc. now owns 54,936 shares of the oil and gas company's stock valued at $5,909,000 after acquiring an additional 1,811 shares in the last quarter. Finally, PCG Asset Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $648,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on XOM shares. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler raised Exxon Mobil from a "hold" rating to a "strong-buy" rating and lifted their price objective for the company from $125.00 to $131.00 in a research report on Wednesday. Finally, Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.40.

Exxon Mobil Stock Up 1.0%

Shares of XOM stock traded up $1.10 during mid-day trading on Friday, hitting $112.15. The company's stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,771,659. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The business has a 50-day moving average price of $107.32 and a 200 day moving average price of $108.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market cap of $483.33 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.16 and a beta of 0.50.

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 for the quarter, topping 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 quarter in the previous year, the business earned $2.06 earnings per share. The company's revenue was up .1% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 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.