US Asset Management LLC Reduces Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

US Asset Management LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 44.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in shares of Exxon Mobil by 35.3% in the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after buying an additional 4,760 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Exxon Mobil during the fourth quarter valued at $863,000. Kendall Capital Management grew its position in Exxon Mobil by 24.0% during the fourth quarter. Kendall Capital Management now owns 3,649 shares of the oil and gas company's stock valued at $393,000 after buying an additional 706 shares during the period. Solitude Financial Services grew its position in shares of Exxon Mobil by 9.0% in the fourth quarter. Solitude Financial Services now owns 30,585 shares of the oil and gas company's stock valued at $3,290,000 after purchasing an additional 2,537 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Exxon Mobil by 1.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,177,366 shares of the oil and gas company's stock valued at $234,219,000 after purchasing an additional 37,511 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on XOM. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler boosted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.55.

Exxon Mobil Stock Down 0.5%

NYSE:XOM traded down $0.55 during mid-day trading on Wednesday, hitting $113.64. 1,940,426 shares of the company's stock were exchanged, compared to its average volume of 15,735,393. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The business has a fifty day moving average price of $107.48 and a 200 day moving average price of $108.62. The company has a market cap of $489.76 billion, a PE ratio of 15.08, a P/E/G ratio of 2.14 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS 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 analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 earnings per share. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current 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 given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

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.