Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Guardian Investment Management

Guardian Investment Management lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 19.5% during the first quarter, according to its most recent disclosure 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 period. Exxon Mobil makes up approximately 1.0% of Guardian Investment Management's portfolio, making the stock its 24th biggest holding. Guardian Investment Management's holdings in Exxon Mobil were worth $1,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter worth $6,936,737,000. GAMMA Investing LLC boosted its position in Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Franklin Resources Inc. boosted its position in Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. Northern Trust Corp boosted its position in Exxon Mobil by 7.0% during 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Exxon Mobil during the fourth quarter worth $240,653,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Down 1.0%

NYSE:XOM traded down $1.07 on Monday, hitting $111.13. 15,410,459 shares of the stock were exchanged, compared to its average volume of 15,770,236. The stock has a market cap of $478.93 billion, a PE ratio of 14.74, a PEG ratio of 2.16 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $107.37 and a 200-day moving average of $108.58. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates 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 was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 earnings per share. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from $125.00 to $131.00 in a research report on Wednesday, July 2nd. Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.