Private Harbour Investment Management & Counsel LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,906 shares of the oil and gas company's stock after selling 2,709 shares during the quarter. Exxon Mobil comprises approximately 5.8% of Private Harbour Investment Management & Counsel LLC's investment portfolio, making the stock its 3rd biggest position. Private Harbour Investment Management & Counsel LLC's holdings in Exxon Mobil were worth $5,222,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Tallon Kerry Patrick purchased a new position in Exxon Mobil during the 4th quarter valued at about $789,000. Union Bancaire Privee UBP SA purchased a new position in Exxon Mobil during the 4th quarter valued at about $48,348,000. SOA Wealth Advisors LLC. boosted its holdings in Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after acquiring an additional 1,595 shares during the period. Compass Capital Corp MA ADV purchased a new position in Exxon Mobil during the 4th quarter valued at about $2,877,000. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in Exxon Mobil by 21.5% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 68,469 shares of the oil and gas company's stock valued at $7,365,000 after acquiring an additional 12,133 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on XOM shares. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. 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's stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.
View Our Latest Research Report on XOM
Exxon Mobil Price Performance
Shares of NYSE XOM opened at $108.45 on Wednesday. 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 Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $467.39 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.49. The stock's 50-day simple moving average is $106.83 and its 200-day simple moving average is $108.54.
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 for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the company earned $2.06 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Exxon Mobil Company Profile
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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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