Easterly Investment Partners LLC Decreases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Easterly Investment Partners LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 50.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,301 shares of the oil and gas company's stock after selling 8,399 shares during the period. Easterly Investment Partners LLC's holdings in Exxon Mobil were worth $987,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XOM. Kooman & Associates raised its stake in shares of Exxon Mobil by 17.8% during the 1st quarter. Kooman & Associates now owns 5,792 shares of the oil and gas company's stock worth $689,000 after purchasing an additional 874 shares in the last quarter. Montis Financial LLC increased its stake in shares of Exxon Mobil by 92.1% in the 1st quarter. Montis Financial LLC now owns 6,433 shares of the oil and gas company's stock valued at $765,000 after buying an additional 3,085 shares during the period. Members Trust Co grew its stake in shares of Exxon Mobil by 1.0% during the first quarter. Members Trust Co now owns 11,819 shares of the oil and gas company's stock worth $1,406,000 after purchasing an additional 122 shares during the period. Frederick Financial Consultants LLC grew its stake in Exxon Mobil by 22.0% in the first quarter. Frederick Financial Consultants LLC now owns 4,049 shares of the oil and gas company's stock valued at $482,000 after acquiring an additional 729 shares during the period. Finally, Bailard Inc. lifted its holdings in shares of Exxon Mobil by 1.0% in the first quarter. Bailard Inc. now owns 46,088 shares of the oil and gas company's stock valued at $5,481,000 after purchasing an additional 445 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.4%

NYSE:XOM opened at $111.73 on Friday. The firm has a market capitalization of $481.51 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.09 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $108.65 and its two-hundred day moving average price is $108.96. 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 released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) 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 business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. The firm's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current 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 given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XOM. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Piper Sandler raised their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

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.

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