CX Institutional Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

CX Institutional lowered its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,067 shares of the oil and gas company's stock after selling 4,073 shares during the period. CX Institutional's holdings in Exxon Mobil were worth $12,852,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. 10Elms LLP purchased a new position in Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $36,000. Finally, Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on XOM shares. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $2.33 during trading on Friday, hitting $112.06. 28,512,903 shares of the company were exchanged, compared to its average volume of 15,682,152. The firm has a 50 day moving average price of $105.28 and a 200 day moving average price of $108.82. The stock has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is 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.