Foundations Investment Advisors LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 34.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,547 shares of the oil and gas company's stock after selling 103,327 shares during the quarter. Foundations Investment Advisors LLC's holdings in Exxon Mobil were worth $23,375,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. KFA Private Wealth Group LLC increased its position in shares of Exxon Mobil by 25.2% during the first quarter. KFA Private Wealth Group LLC now owns 8,254 shares of the oil and gas company's stock worth $982,000 after purchasing an additional 1,661 shares in the last quarter. Schubert & Co increased its position in shares of Exxon Mobil by 2.5% during the first quarter. Schubert & Co now owns 10,304 shares of the oil and gas company's stock worth $1,225,000 after purchasing an additional 252 shares in the last quarter. AWM Capital LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $224,000. Purkiss Capital Advisors LLC increased its position in shares of Exxon Mobil by 14.6% during the first quarter. Purkiss Capital Advisors LLC now owns 7,005 shares of the oil and gas company's stock worth $833,000 after purchasing an additional 895 shares in the last quarter. Finally, Baldwin Investment Management LLC boosted its stake in Exxon Mobil by 11.9% during the first quarter. Baldwin Investment Management LLC now owns 55,648 shares of the oil and gas company's stock worth $6,618,000 after buying an additional 5,916 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Trading Up 0.0%
Shares of XOM stock traded up $0.05 on Thursday, hitting $111.95. The stock had a trading volume of 7,568,533 shares, compared to its average volume of 16,742,629. The firm has a market cap of $482.45 billion, a P/E ratio of 14.86, a PEG ratio of 2.12 and a beta of 0.50. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a fifty day moving average price of $109.17 and a two-hundred day moving average price of $109.13. 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 issued its quarterly 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 analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 EPS. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil's dividend payout ratio is presently 52.52%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on XOM. Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Piper Sandler upped their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock 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 given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.42.
Check Out Our Latest Report on XOM
About Exxon Mobil
(
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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