Eagle Global Advisors LLC Sells 8,619 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Eagle Global Advisors LLC has reduced its stake in Exxon Mobil by 4.2%, now holding 197,618 shares valued at approximately $23.5 million, representing about 1.0% of its portfolio.
• Exxon Mobil has been rated with a mix of holds, buys, and sells by analysts, currently holding an average target price of $125.26 with a "Hold" rating.
• The company announced a quarterly dividend of $0.99 per share, translating to an annualized yield of 3.7%, with a dividend payout ratio of 56.25%.

Eagle Global Advisors LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,618 shares of the oil and gas company's stock after selling 8,619 shares during the period. Exxon Mobil accounts for 1.0% of Eagle Global Advisors LLC's portfolio, making the stock its 23rd biggest position. Eagle Global Advisors LLC's holdings in Exxon Mobil were worth $23,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp grew its stake in Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares during the period. Capital Research Global Investors grew its stake in Exxon Mobil by 3.9% in the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock worth $3,739,465,000 after purchasing an additional 1,293,111 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock worth $3,850,167,000 after purchasing an additional 512,860 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Exxon Mobil by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock worth $3,028,968,000 after purchasing an additional 909,386 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $0.27 during midday trading on Tuesday, reaching $106.10. 14,104,424 shares of the company's stock traded hands, compared to its average volume of 15,610,114. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a 50 day moving average of $109.99 and a 200 day moving average of $108.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market cap of $452.33 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.99 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the prior year, the company earned $2.14 earnings per share. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil's dividend payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Piper Sandler boosted their target price on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Hold" and an average price target of $125.26.

Exxon Mobil 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.