Cadent Capital Advisors LLC decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,335 shares of the oil and gas company's stock after selling 7,037 shares during the quarter. Exxon Mobil comprises 1.3% of Cadent Capital Advisors LLC's investment portfolio, making the stock its 22nd largest holding. Cadent Capital Advisors LLC's holdings in Exxon Mobil were worth $3,608,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of XOM. 10Elms LLP acquired a new position in Exxon Mobil during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth $32,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on XOM shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho decreased 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. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, UBS Group reduced their price target 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.
Check Out Our Latest Research Report on Exxon Mobil
Exxon Mobil Stock Up 1.0%
Exxon Mobil stock traded up $1.08 during midday trading on Friday, hitting $114.27. 8,753,349 shares of the company were exchanged, compared to its average volume of 15,687,941. The company has a market cap of $492.48 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company's fifty day moving average price is $106.32 and its 200-day moving average price is $108.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.47%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.
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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