Exxon Mobil Corporation (NYSE:XOM) Holdings Trimmed by Flossbach Von Storch SE

Flossbach Von Storch SE lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 24.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 458,827 shares of the oil and gas company's stock after selling 151,309 shares during the quarter. Flossbach Von Storch SE's holdings in Exxon Mobil were worth $54,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Trek Financial LLC grew its position in Exxon Mobil by 144.9% in the 1st quarter. Trek Financial LLC now owns 44,168 shares of the oil and gas company's stock worth $5,253,000 after purchasing an additional 26,130 shares during the last quarter. Personal CFO Solutions LLC raised its stake in shares of Exxon Mobil by 5.5% in the first quarter. Personal CFO Solutions LLC now owns 29,261 shares of the oil and gas company's stock worth $3,480,000 after acquiring an additional 1,534 shares during the last quarter. AlphaStar Capital Management LLC raised its stake in shares of Exxon Mobil by 7.0% in the first quarter. AlphaStar Capital Management LLC now owns 81,332 shares of the oil and gas company's stock worth $9,673,000 after acquiring an additional 5,303 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Exxon Mobil by 0.8% in the first quarter. Valeo Financial Advisors LLC now owns 113,672 shares of the oil and gas company's stock worth $13,519,000 after acquiring an additional 862 shares during the last quarter. Finally, BXM Wealth LLC raised its stake in shares of Exxon Mobil by 6.9% during the first quarter. BXM Wealth LLC now owns 4,422 shares of the oil and gas company's stock worth $526,000 after buying an additional 287 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on XOM. Scotiabank upped their target price on shares of Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Friday. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Piper Sandler increased their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday. UBS Group reduced their price objective 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. Finally, Mizuho reduced their price target 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.05.

Exxon Mobil Trading Up 0.6%

NYSE XOM traded up $0.64 during trading hours on Friday, reaching $115.57. The company had a trading volume of 5,115,797 shares, compared to its average volume of 16,967,602. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $498.07 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. The stock has a 50-day moving average of $107.83 and a 200 day moving average of $108.72. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates 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 firm posted $2.06 earnings per share. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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