Bessemer Group Inc. decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,221,215 shares of the oil and gas company's stock after selling 156,245 shares during the quarter. Bessemer Group Inc.'s holdings in Exxon Mobil were worth $145,238,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of XOM. Tallon Kerry Patrick purchased a new position in Exxon Mobil in the fourth quarter valued at $789,000. SOA Wealth Advisors LLC. boosted its holdings in Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after purchasing an additional 1,595 shares during the period. Partners Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at $1,316,000. Boothe Investment Group Inc. boosted its holdings in Exxon Mobil by 10.9% in the fourth quarter. Boothe Investment Group Inc. now owns 30,904 shares of the oil and gas company's stock valued at $3,324,000 after purchasing an additional 3,044 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in Exxon Mobil by 2.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 6,387 shares of the oil and gas company's stock worth $687,000 after buying an additional 131 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $110.15 on Friday. The stock has a market capitalization of $474.71 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.10 and a beta of 0.49. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock's 50-day moving average price is $106.98 and its 200 day moving average price is $108.52. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.
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, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for 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%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 EPS. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.
Analysts Set New Price Targets
XOM has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.10.
Check Out Our Latest Stock Report on Exxon Mobil
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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