Harmony Asset Management LLC Cuts Stake in Exxon Mobil Corporation (NYSE:XOM)

Harmony Asset Management LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 27.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,611 shares of the oil and gas company's stock after selling 5,022 shares during the quarter. Harmony Asset Management LLC's holdings in Exxon Mobil were worth $1,619,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Cloud Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $45,000. Clarity Asset Management Inc. boosted its holdings in shares of 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 acquiring an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XOM. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Piper Sandler raised their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Price Performance

NYSE XOM opened at $115.40 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.22 and a beta of 0.50. The company's 50 day moving average is $108.01 and its two-hundred day moving average is $108.79. 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 (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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the business earned $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

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.

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