AEGON ASSET MANAGEMENT UK Plc Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

AEGON ASSET MANAGEMENT UK Plc trimmed its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,809 shares of the oil and gas company's stock after selling 198,751 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Exxon Mobil were worth $33,405,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XOM. 10Elms LLP bought a new stake in Exxon Mobil during the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $32,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter worth about $47,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Scotiabank dropped 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 research note on Friday, April 11th. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

NYSE XOM traded down $1.47 on Wednesday, hitting $102.33. 15,622,739 shares of the stock traded hands, compared to its average volume of 15,538,875. The firm has a market capitalization of $441.01 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. The business's fifty day moving average is $106.37 and its two-hundred day moving average is $109.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $83.13 billion for 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 firm's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.87%. Exxon Mobil's dividend payout ratio 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.