Exxon Mobil Co. (NYSE:XOM) Shares Sold by Transform Wealth LLC

Transform Wealth LLC cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,557 shares of the oil and gas company's stock after selling 2,975 shares during the period. Exxon Mobil comprises about 1.1% of Transform Wealth LLC's investment portfolio, making the stock its 19th largest position. Transform Wealth LLC's holdings in Exxon Mobil were worth $17,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its stake in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after acquiring an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth $55,000. Renasant Bank lifted its position in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after purchasing an additional 493 shares during the period. Paradigm Capital Management LLC NV boosted its holdings in 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 during the last quarter. Finally, University of Texas Texas AM Investment Management Co. grew its position in Exxon Mobil by 2,334.5% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company's stock worth $3,897,000 after purchasing an additional 34,738 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $0.40 during mid-day trading on Thursday, reaching $109.71. The company's stock had a trading volume of 17,447,260 shares, compared to its average volume of 15,625,469. The stock has a 50-day moving average of $105.14 and a two-hundred day moving average of $108.89. The stock has a market capitalization of $472.81 billion, a P/E ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49. 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 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating 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 business earned $2.06 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Exxon Mobil Company 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.