US Asset Management LLC Trims Stock Position in Exxon Mobil Corporation (NYSE:XOM)

US Asset Management LLC lessened its holdings 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 Securities and Exchange Commission (SEC). The firm owned 3,658 shares of the oil and gas company's stock after selling 2,927 shares during the period. US Asset Management LLC's holdings in Exxon Mobil were worth $435,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Axis Wealth Partners LLC lifted its holdings in shares of Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after buying an additional 93 shares during the period. Altus Wealth Group LLC increased its stake in shares of Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after purchasing an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares in the last quarter. WPWealth LLP increased its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares in the last quarter. Finally, Centurion Wealth Management LLC increased its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. 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. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock 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. Finally, Piper Sandler upped 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.55.

Exxon Mobil Trading Up 0.1%

NYSE XOM traded up $0.13 during trading on Friday, hitting $115.06. The stock had a trading volume of 1,829,122 shares, compared to its average volume of 16,942,041. 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 stock has a market capitalization of $495.87 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 2.19 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a 50 day simple moving average of $107.83 and a 200 day simple moving average of $108.72.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 9.49% and a return on equity of 12.06%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 earnings per share. Sell-side analysts predict 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. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is currently 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.