Financial Partners Group LLC reduced its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 82,843 shares of the oil and gas company's stock after selling 5,251 shares during the quarter. Exxon Mobil makes up 4.3% of Financial Partners Group LLC's investment portfolio, making the stock its 8th largest holding. Financial Partners Group LLC's holdings in Exxon Mobil were worth $9,853,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Wolf Group Capital Advisors acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $1,409,000. Cornerstone Wealth Management LLC boosted its position in shares of Exxon Mobil by 3.4% in the first quarter. Cornerstone Wealth Management LLC now owns 77,506 shares of the oil and gas company's stock valued at $9,218,000 after acquiring an additional 2,518 shares during the period. Mezzasalma Advisors LLC grew its stake in shares of Exxon Mobil by 5.1% in the first quarter. Mezzasalma Advisors LLC now owns 29,119 shares of the oil and gas company's stock worth $3,463,000 after acquiring an additional 1,422 shares during the last quarter. Shepherd Financial Partners LLC increased its position in Exxon Mobil by 4.9% during the first quarter. Shepherd Financial Partners LLC now owns 6,728 shares of the oil and gas company's stock worth $800,000 after acquiring an additional 312 shares during the period. Finally, Clarius Group LLC raised its stake in Exxon Mobil by 9.3% during the 1st quarter. Clarius Group LLC now owns 27,101 shares of the oil and gas company's stock valued at $3,223,000 after purchasing an additional 2,303 shares during the last quarter. Institutional investors own 61.80% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on XOM shares. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho lowered their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One equities 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $125.50.
View Our Latest Analysis on Exxon Mobil
Exxon Mobil Price Performance
NYSE XOM traded up $0.97 during trading hours on Friday, reaching $114.16. 8,144,146 shares of the company's stock were exchanged, compared to its average volume of 15,685,979. The firm has a fifty day moving average of $106.32 and a 200-day moving average of $108.66. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market cap of $491.98 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.
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, 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 company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. 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 52.52%.
Exxon Mobil Profile
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Free Report)
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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