Exxon Mobil Co. (NYSE:XOM) Shares Sold by Northeast Investment Management

Northeast Investment Management lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,453 shares of the oil and gas company's stock after selling 3,492 shares during the period. Northeast Investment Management's holdings in Exxon Mobil were worth $21,818,000 as of its most recent filing with the Securities & Exchange Commission.

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

Exxon Mobil Trading Up 0.4%

Shares of Exxon Mobil stock traded up $0.40 during mid-day trading on Thursday, hitting $109.71. The stock had a trading volume of 17,447,260 shares, compared to its average volume of 15,625,472. The firm has a 50-day moving average of $105.28 and a two-hundred day moving average of $108.82. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. 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 firm has a market cap of $472.81 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

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 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the business posted $2.06 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 3.61%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

Several analysts recently issued reports on XOM shares. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.