Flossbach Von Storch SE trimmed its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 24.8% in the first quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of XOM. 10Elms LLP bought a new stake in Exxon Mobil during the fourth quarter worth $25,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil in the first quarter valued at approximately $45,000. Clarity Asset Management Inc. raised its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $51,000. 61.80% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
XOM has been the topic of several research analyst reports. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Piper Sandler upped their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday. Scotiabank dropped their price objective 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. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $125.55.
Get Our Latest Research Report on Exxon Mobil
Exxon Mobil Stock Down 0.3%
Shares of XOM opened at $113.80 on Thursday. The company has a market capitalization of $490.44 billion, a PE ratio of 15.09, a PEG ratio of 2.19 and a beta of 0.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock's 50-day moving average price is $107.65 and its two-hundred day moving average price is $108.66. 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. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is presently 52.52%.
Exxon Mobil Company 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.
Further Reading
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