Doliver Advisors LP trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,087,239 shares of the oil and gas company's stock after selling 68,367 shares during the quarter. Exxon Mobil accounts for approximately 36.3% of Doliver Advisors LP's portfolio, making the stock its biggest position. Doliver Advisors LP's holdings in Exxon Mobil were worth $129,305,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 10Elms LLP acquired a new position in Exxon Mobil in the 4th quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $32,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the 4th quarter valued at about $36,000. Finally, Compass Planning Associates Inc acquired a new position in Exxon Mobil in the 4th quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Stock Down 0.6%
XOM traded down $0.61 on Friday, reaching $102.08. The company's stock had a trading volume of 28,636,718 shares, compared to its average volume of 15,548,490. The stock has a 50 day moving average of $106.95 and a two-hundred day moving average of $109.69. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $439.93 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 3.02 and a beta of 0.51. 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 announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.06 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. UBS Group dropped their target price 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. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $125.50.
Check Out Our Latest Report on Exxon Mobil
About Exxon Mobil
(
Free Report)
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.
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