First National Advisers LLC lessened its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,712 shares of the oil and gas company's stock after selling 6,292 shares during the period. Exxon Mobil comprises approximately 0.9% of First National Advisers LLC's investment portfolio, making the stock its 17th largest holding. First National Advisers LLC's holdings in Exxon Mobil were worth $5,912,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of XOM. Ridgewood Investments LLC raised its stake in Exxon Mobil by 44.4% in the 1st quarter. Ridgewood Investments LLC now owns 5,777 shares of the oil and gas company's stock valued at $687,000 after purchasing an additional 1,775 shares during the last quarter. Capital City Trust Co. FL raised its stake in Exxon Mobil by 1.4% in the 1st quarter. Capital City Trust Co. FL now owns 43,995 shares of the oil and gas company's stock valued at $5,232,000 after purchasing an additional 601 shares during the last quarter. TCW Group Inc. raised its stake in Exxon Mobil by 8.8% in the 1st quarter. TCW Group Inc. now owns 744,183 shares of the oil and gas company's stock valued at $88,506,000 after purchasing an additional 60,257 shares during the last quarter. Horan Capital Advisors LLC. raised its stake in Exxon Mobil by 10.4% in the 1st quarter. Horan Capital Advisors LLC. now owns 7,392 shares of the oil and gas company's stock valued at $879,000 after purchasing an additional 695 shares during the last quarter. Finally, Perkins Capital Management Inc. acquired a new position in Exxon Mobil in the 1st quarter valued at $201,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Price Performance
Shares of XOM traded up $0.31 during trading hours on Thursday, reaching $112.21. 8,312,136 shares of the company traded hands, compared to its average volume of 16,747,141. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $483.58 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.12 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. The stock has a fifty day simple moving average of $109.17 and a 200 day simple moving average of $109.13.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly 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 firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $2.06 EPS. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given 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 3.53%. Exxon Mobil's payout ratio is 52.52%.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Piper Sandler increased their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.42.
Read Our Latest Analysis on XOM
Exxon Mobil Profile
(
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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