Hennion & Walsh Asset Management Inc. Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,893 shares of the oil and gas company's stock after selling 10,089 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Exxon Mobil were worth $6,053,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil in the fourth quarter valued at about $6,936,737,000. Northern Trust Corp increased its holdings in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.5%

NYSE:XOM traded down $0.51 during trading hours on Thursday, reaching $101.79. 13,905,570 shares of the company were exchanged, compared to its average volume of 15,532,481. The firm has a market cap of $438.67 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 3.02 and a beta of 0.51. The stock has a 50 day simple moving average of $106.06 and a 200 day simple moving average of $109.42. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. Scotiabank reduced their price objective 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. Mizuho cut their price target 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. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Barclays reaffirmed a "hold" 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 issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.