Foundation Resource Management Inc. Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Foundation Resource Management Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,905 shares of the oil and gas company's stock after selling 14,444 shares during the period. Exxon Mobil makes up 7.8% of Foundation Resource Management Inc.'s portfolio, making the stock its 2nd biggest holding. Foundation Resource Management Inc.'s holdings in Exxon Mobil were worth $49,701,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in XOM. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $6,936,737,000. GAMMA Investing LLC lifted its position in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 1.9%

Shares of Exxon Mobil stock traded up $2.09 on Wednesday, hitting $109.31. The company had a trading volume of 22,618,762 shares, compared to its average volume of 15,610,014. The stock has a 50-day moving average of $105.14 and a 200-day moving average of $108.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $471.08 billion, a P/E ratio of 13.94, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XOM. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $125.50.

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.