Hamel Associates Inc. Cuts Holdings in Exxon Mobil Corporation (NYSE:XOM)

Hamel Associates Inc. trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,401 shares of the oil and gas company's stock after selling 2,733 shares during the quarter. Exxon Mobil accounts for 4.2% of Hamel Associates Inc.'s holdings, making the stock its 3rd biggest position. Hamel Associates Inc.'s holdings in Exxon Mobil were worth $12,298,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. BG Investment Services Inc. bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $311,000. Murphy & Mullick Capital Management Corp acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $91,000. Ipsen Advisor Group LLC bought a new position in Exxon Mobil during the 4th quarter worth $688,000. Morey & Quinn Wealth Partners LLC bought a new position in Exxon Mobil during the 4th quarter worth $718,000. Finally, Financial Counselors Inc. increased its position in Exxon Mobil by 1.4% during the 4th quarter. Financial Counselors Inc. now owns 597,403 shares of the oil and gas company's stock worth $64,263,000 after buying an additional 8,400 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM traded down $0.37 during trading hours on Friday, reaching $110.42. The stock had a trading volume of 10,547,065 shares, compared to its average volume of 14,495,533. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market capitalization of $475.87 billion, a PE ratio of 14.64, a PEG ratio of 2.08 and a beta of 0.50. 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 company's 50-day moving average is $108.75 and its two-hundred day moving average is $109.02.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler raised their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Mizuho lowered their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two 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 price target of $125.42.

About Exxon Mobil

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.