Exxon Mobil Corporation (NYSE:XOM) Shares Sold by US Asset Management LLC

US Asset Management LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 44.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,658 shares of the oil and gas company's stock after selling 2,927 shares during the quarter. US Asset Management LLC's holdings in Exxon Mobil were worth $435,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Quantinno Capital Management LP lifted its position in shares of Exxon Mobil by 24.1% during 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 in the last quarter. Accredited Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $55,000. Legacy Trust raised its position in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 997 shares in the last quarter. Renasant Bank boosted its stake in Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after buying an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV raised its position 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 worth $1,532,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.55.

Exxon Mobil Trading Down 0.3%

XOM traded down $0.39 during trading on Wednesday, reaching $113.80. The company had a trading volume of 10,646,001 shares, compared to its average volume of 15,784,178. The business has a 50 day simple moving average of $107.48 and a 200-day simple moving average of $108.62. The stock has a market cap of $490.44 billion, a P/E ratio of 15.09, a PEG ratio of 2.19 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. 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 released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $86.11 billion. During the same period last year, the company earned $2.06 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

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.