Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 171,809 shares of the oil and gas company's stock after selling 3,230 shares during the period. Exxon Mobil makes up approximately 2.3% of Van Cleef Asset Management Inc's holdings, making the stock its 12th largest holding. Van Cleef Asset Management Inc's holdings in Exxon Mobil were worth $20,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Topsail Wealth Management LLC increased its stake in shares of Exxon Mobil by 47.4% during the first quarter. Topsail Wealth Management LLC now owns 4,759 shares of the oil and gas company's stock valued at $566,000 after buying an additional 1,531 shares during the period. Banque Pictet & Cie SA increased its stake in shares of Exxon Mobil by 99.9% during the first quarter. Banque Pictet & Cie SA now owns 28,700 shares of the oil and gas company's stock valued at $3,413,000 after buying an additional 14,345 shares during the period. Twelve Points Wealth Management LLC increased its stake in shares of Exxon Mobil by 6.2% during the first quarter. Twelve Points Wealth Management LLC now owns 23,740 shares of the oil and gas company's stock valued at $2,823,000 after buying an additional 1,391 shares during the period. Slagle Financial LLC increased its stake in shares of Exxon Mobil by 1.0% during the first quarter. Slagle Financial LLC now owns 44,662 shares of the oil and gas company's stock valued at $5,312,000 after buying an additional 444 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in Exxon Mobil by 53.9% during the first quarter. Cornerstone Planning Group LLC now owns 4,580 shares of the oil and gas company's stock valued at $545,000 after purchasing an additional 1,604 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $0.47 on Friday, reaching $115.40. The company's stock had a trading volume of 11,683,034 shares, compared to its average volume of 15,798,174. The company has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a PEG ratio of 2.21 and a beta of 0.50. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a 50-day moving average price of $107.83 and a 200-day moving average price of $108.72. 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 (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.06% and a net margin of 9.49%. The business's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 earnings per share. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on XOM. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research 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 report on Thursday, June 26th. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One 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 stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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.