Guardian Investment Management Has $1.27 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Guardian Investment Management decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 19.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,739 shares of the oil and gas company's stock after selling 2,600 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of Guardian Investment Management's holdings, making the stock its 24th largest holding. Guardian Investment Management's holdings in Exxon Mobil were worth $1,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $32,000. Clarity Asset Management Inc. raised its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the period. Finally, Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $1.10 during midday trading on Friday, reaching $112.15. 11,223,580 shares of the company's stock were exchanged, compared to its average volume of 15,771,659. The stock's 50-day simple moving average is $107.32 and its 200 day simple moving average is $108.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $483.33 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.16 and a beta of 0.50. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm 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 revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business posted $2.06 earnings per share. On average, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and raised their price objective for the company from $125.00 to $131.00 in a report on Wednesday. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $125.40.

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.