Garrison Bradford & Associates Inc. Trims Position in Exxon Mobil Corporation (NYSE:XOM)

Garrison Bradford & Associates Inc. cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 16.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,340 shares of the oil and gas company's stock after selling 3,710 shares during the period. Exxon Mobil accounts for 2.5% of Garrison Bradford & Associates Inc.'s investment portfolio, making the stock its 12th largest holding. Garrison Bradford & Associates Inc.'s holdings in Exxon Mobil were worth $2,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in XOM. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the 1st quarter valued at $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. raised its position in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.37 during mid-day trading on Friday, reaching $110.42. The stock had a trading volume of 10,535,440 shares, compared to its average volume of 16,876,260. The firm has a 50 day moving average price of $108.70 and a two-hundred day moving average price of $109.01. The stock has a market capitalization of $475.87 billion, a P/E ratio of 14.64, a P/E/G ratio of 2.04 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

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 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The business's revenue was up .1% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.59%. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Piper Sandler raised their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Finally, Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

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.