Exxon Mobil Corporation (NYSE:XOM) is Franklin Parlapiano Turner & Welch LLC's 6th Largest Position

Franklin Parlapiano Turner & Welch LLC lessened its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,004 shares of the oil and gas company's stock after selling 6,487 shares during the period. Exxon Mobil comprises about 2.8% of Franklin Parlapiano Turner & Welch LLC's holdings, making the stock its 6th largest holding. Franklin Parlapiano Turner & Welch LLC's holdings in Exxon Mobil were worth $10,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $32,000. Synergy Investment Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. increased its position in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM traded up $1.10 during trading hours on Thursday, hitting $112.15. The stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,727,119. The firm has a market capitalization of $483.33 billion, a PE ratio of 14.87, a PEG ratio of 2.12 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a fifty day moving average price of $107.17 and a 200 day moving average price of $108.45.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business posted $2.06 earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. 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. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.40.

About Exxon Mobil

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.