Generali Investments CEE investicni spolecnost a.s. Cuts Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Generali Investments CEE investicni spolecnost a.s. decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,084 shares of the oil and gas company's stock after selling 2,416 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Exxon Mobil were worth $7,740,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Wayfinding Financial LLC increased its position in Exxon Mobil by 3.0% during the first quarter. Wayfinding Financial LLC now owns 5,689 shares of the oil and gas company's stock worth $676,000 after buying an additional 165 shares during the last quarter. Jackson Thornton Wealth Management LLC lifted its stake in Exxon Mobil by 124.8% during the first quarter. Jackson Thornton Wealth Management LLC now owns 9,492 shares of the oil and gas company's stock worth $1,129,000 after purchasing an additional 5,270 shares during the last quarter. von Borstel & Associates Inc. acquired a new position in shares of Exxon Mobil during the first quarter worth $176,000. Truist Financial Corp increased its holdings in shares of Exxon Mobil by 0.5% during the first quarter. Truist Financial Corp now owns 2,224,293 shares of the oil and gas company's stock worth $264,535,000 after buying an additional 11,360 shares in the last quarter. Finally, Eukles Asset Management increased its holdings in Exxon Mobil by 10.6% in the first quarter. Eukles Asset Management now owns 4,521 shares of the oil and gas company's stock valued at $538,000 after purchasing an additional 432 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and increased their price target for the stock from $125.00 to $131.00 in a report on Wednesday, July 2nd. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reduced their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.40.

Exxon Mobil Stock Up 2.4%

XOM traded up $2.65 during midday trading on Tuesday, reaching $113.76. The company's stock had a trading volume of 3,278,695 shares, compared to its average volume of 17,006,129. The firm has a market capitalization of $490.26 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 2.16 and a beta of 0.50. 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 Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock's 50-day moving average is $107.37 and its 200-day moving average is $108.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 EPS. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid 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 dividend yield of 3.48%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil 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.