Exxon Mobil Corporation (NYSE:XOM) Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,381 shares of the oil and gas company's stock after selling 3,051 shares during the quarter. Exxon Mobil makes up approximately 1.1% of PKO Investment Management Joint Stock Co's investment portfolio, making the stock its 20th largest position. PKO Investment Management Joint Stock Co's holdings in Exxon Mobil were worth $9,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantinno Capital Management LP raised its position in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after acquiring an additional 110,772 shares during the period. Accredited Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $55,000. Legacy Trust raised its stake in shares of Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares during the period. Renasant Bank lifted its position in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after buying an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV grew its stake in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.07 on Wednesday. The company has a 50-day moving average price of $105.91 and a 200 day moving average price of $108.66. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. 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 market cap of $491.58 billion, a P/E ratio of 15.13, a PEG ratio of 2.25 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the business posted $2.06 EPS. The company's revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed 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 3.47%. Exxon Mobil's payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on XOM shares. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Scotiabank decreased their target price 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. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a 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 two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Company 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.

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