Franklin Street Advisors Inc. NC lessened its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 34.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151,885 shares of the oil and gas company's stock after selling 78,899 shares during the period. Exxon Mobil accounts for 1.3% of Franklin Street Advisors Inc. NC's holdings, making the stock its 29th biggest position. Franklin Street Advisors Inc. NC's holdings in Exxon Mobil were worth $18,064,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $32,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc acquired a new position in Exxon Mobil in the 4th quarter valued at $47,000. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Trading Up 0.4%
Shares of XOM traded up $0.40 during mid-day trading on Thursday, reaching $109.71. 17,447,260 shares of the company were exchanged, compared to its average volume of 15,625,472. The business has a 50 day simple moving average of $105.28 and a two-hundred day simple moving average of $108.82. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market capitalization of $472.81 billion, a PE ratio of 13.99, a PEG ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.
Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Analyst Ratings Changes
A number of research analysts have commented on XOM shares. UBS Group decreased 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. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.50.
Check Out Our Latest Stock Analysis 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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