Clare Market Investments LLC Sells 6,755 Shares of Exxon Mobil Co. (NYSE:XOM)

Clare Market Investments LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 22.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,362 shares of the oil and gas company's stock after selling 6,755 shares during the quarter. Exxon Mobil accounts for approximately 0.7% of Clare Market Investments LLC's holdings, making the stock its 23rd biggest position. Clare Market Investments LLC's holdings in Exxon Mobil were worth $2,778,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP increased its stake in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $55,000. Rockline Wealth Management LLC increased its position in Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after acquiring an additional 1,498 shares in the last quarter. Renasant Bank raised its stake in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV increased its holdings in shares of Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after purchasing an additional 227 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM traded up $2.46 during trading on Friday, hitting $104.29. 15,465,774 shares of the stock traded hands, compared to its average volume of 15,534,982. The business has a 50 day moving average price of $105.71 and a 200 day moving average price of $109.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market cap of $449.45 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the company earned $2.06 EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast 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 will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.80%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analysts Set New Price Targets

Several analysts have weighed in on XOM shares. Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

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.