New Millennium Group LLC Has $193,000 Stock Position in Exxon Mobil Corporation (NYSE:XOM)

New Millennium Group LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 72.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,622 shares of the oil and gas company's stock after selling 4,203 shares during the period. New Millennium Group LLC's holdings in Exxon Mobil were worth $193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP raised its stake in shares of 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 valued at $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $55,000. Legacy Trust grew its holdings in shares of Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares in the last quarter. Renasant Bank raised its position in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after buying an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV lifted its stake in Exxon Mobil by 1.6% in the 4th 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 acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Mizuho cut their price target 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.40.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $1.10 during trading on Friday, hitting $112.15. 11,223,580 shares of the stock were exchanged, compared to its average volume of 15,759,096. The stock has a market capitalization of $483.33 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. The company has a fifty day moving average price of $107.32 and a 200-day moving average price of $108.51. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is currently 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.