Mill Capital Management LLC lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 362,473 shares of the oil and gas company's stock after selling 6,411 shares during the period. Exxon Mobil accounts for 3.5% of Mill Capital Management LLC's portfolio, making the stock its 7th largest position. Mill Capital Management LLC's holdings in Exxon Mobil were worth $43,109,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of XOM. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $32,000. Synergy Investment Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth $47,000. Finally, Clarity Asset Management Inc. boosted its position in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Trading Up 0.1%
XOM opened at $108.41 on Thursday. The stock has a market capitalization of $467.21 billion, a P/E ratio of 14.38, a P/E/G ratio of 2.17 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm's fifty day simple moving average is $106.92 and its 200 day simple moving average is $108.54. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared 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 was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on XOM. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, Mizuho reduced their price target 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
View Our Latest Stock Report on Exxon Mobil
About Exxon Mobil
(
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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