Harbour Trust & Investment Management Co Cuts Stake in Exxon Mobil Corporation (NYSE:XOM)

Harbour Trust & Investment Management Co lowered its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 101,030 shares of the oil and gas company's stock after selling 2,456 shares during the quarter. Exxon Mobil accounts for 1.5% of Harbour Trust & Investment Management Co's portfolio, making the stock its 19th biggest position. Harbour Trust & Investment Management Co's holdings in Exxon Mobil were worth $12,015,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $32,000. Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. boosted its stake in shares of Exxon Mobil by 29.7% during the fourth 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. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM opened at $112.15 on Friday. The stock has a 50-day moving average price of $107.25 and a 200-day moving average price of $108.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm has a market cap of $483.33 billion, a PE ratio of 14.87, a P/E/G ratio of 2.15 and a beta of 0.50. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $125.00 to $131.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.40.

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.

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