Trust Point Inc. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,162 shares of the oil and gas company's stock after selling 3,330 shares during the quarter. Exxon Mobil accounts for 0.8% of Trust Point Inc.'s investment portfolio, making the stock its 19th largest holding. Trust Point Inc.'s holdings in Exxon Mobil were worth $8,463,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Hanson & Doremus Investment Management raised its position in Exxon Mobil by 9.6% in the first quarter. Hanson & Doremus Investment Management now owns 27,080 shares of the oil and gas company's stock worth $3,221,000 after acquiring an additional 2,368 shares in the last quarter. Stillwater Capital Advisors LLC increased its stake in Exxon Mobil by 0.3% in the 1st quarter. Stillwater Capital Advisors LLC now owns 147,429 shares of the oil and gas company's stock valued at $17,534,000 after purchasing an additional 507 shares in the last quarter. Traphagen Investment Advisors LLC raised its position in Exxon Mobil by 17.6% during the first quarter. Traphagen Investment Advisors LLC now owns 13,646 shares of the oil and gas company's stock worth $1,623,000 after acquiring an additional 2,043 shares during the last quarter. Abound Wealth Management grew its holdings in Exxon Mobil by 98.8% during the 1st quarter. Abound Wealth Management now owns 2,509 shares of the oil and gas company's stock valued at $298,000 after buying an additional 1,247 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG acquired a new stake in shares of Exxon Mobil during the first quarter valued at $210,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Stock Performance
Shares of NYSE XOM traded down $0.80 during trading on Thursday, reaching $113.20. The stock had a trading volume of 17,956,631 shares, compared to its average volume of 15,714,495. The firm's 50 day moving average price is $106.05 and its two-hundred day moving average price is $108.69. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market cap of $487.84 billion, a PE ratio of 15.01, a P/E/G ratio of 2.28 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.
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. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 earnings per share. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.50%. Exxon Mobil's payout ratio is currently 52.52%.
Wall Street Analyst Weigh In
XOM has been the topic of a number of recent research reports. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley dropped 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 note on Thursday, March 27th. UBS Group cut 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 note on Monday, April 14th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.
Get Our Latest Stock Analysis on XOM
About Exxon Mobil
(
Free Report)
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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