DAVENPORT & Co LLC Sells 2,395 Shares of Exxon Mobil Corporation (NYSE:XOM)

DAVENPORT & Co LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,699 shares of the oil and gas company's stock after selling 2,395 shares during the period. DAVENPORT & Co LLC's holdings in Exxon Mobil were worth $53,956,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after purchasing an additional 1,104,617 shares during the period. Norges Bank acquired a new position in Exxon Mobil in the 4th quarter valued at $6,936,737,000. Northern Trust Corp raised its holdings in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Franklin Resources Inc. lifted its position in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in Exxon Mobil by 3.9% during the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after acquiring an additional 1,293,111 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

NYSE:XOM traded up $1.10 during mid-day trading on Friday, hitting $112.15. The company's stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,759,096. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $107.25 and a 200-day moving average of $108.48. The company has a market capitalization of $483.33 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.15 and a beta of 0.50. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week 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 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 during the quarter, compared to analysts' expectations 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 prior year, the firm posted $2.06 EPS. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued 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 dividend yield of 3.53%. Exxon Mobil's payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on XOM shares. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.40.

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.