Foster & Motley Inc. Reduces Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Foster & Motley Inc. reduced its Exxon Mobil stock holdings by 10.7%, ending the first quarter with 46,033 shares valued at $5,475,000.
• Exxon Mobil's average target price from analysts is $125.42, with ratings ranging from sell to strong buy, indicating mixed investor sentiment.
• The company recently declared a quarterly dividend of $0.99, yielding 3.51%, with a dividend payout ratio of 52.52%.

Foster & Motley Inc. decreased its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,033 shares of the oil and gas company's stock after selling 5,516 shares during the quarter. Foster & Motley Inc.'s holdings in Exxon Mobil were worth $5,475,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after buying an additional 1,104,617 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after purchasing an additional 1,340,343 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Exxon Mobil by 3.9% in the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock worth $3,739,465,000 after purchasing an additional 1,293,111 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Exxon Mobil by 8.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock valued at $2,409,106,000 after buying an additional 1,550,248 shares during the period. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on XOM shares. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Piper Sandler raised their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Stock Down 1.5%

Shares of XOM stock traded down $1.66 during trading hours on Friday, reaching $109.98. 3,362,403 shares of the company's stock were exchanged, compared to its average volume of 16,712,650. The stock has a market cap of $473.97 billion, a PE ratio of 14.61, a PEG ratio of 2.10 and a beta of 0.50. 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's fifty day moving average price is $109.35 and its two-hundred day moving average price is $109.15. 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 posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company posted $2.14 earnings per share. Research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio is presently 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.