Highview Capital Management LLC DE Sells 7,912 Shares of Exxon Mobil Co. (NYSE:XOM)

Highview Capital Management LLC DE reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 56.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,176 shares of the oil and gas company's stock after selling 7,912 shares during the period. Highview Capital Management LLC DE's holdings in Exxon Mobil were worth $664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter worth $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the 4th quarter worth $36,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the fourth quarter valued at about $47,000. Finally, Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% in 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 last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XOM. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Piper Sandler cut their price target on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $0.14 during mid-day trading on Friday, hitting $103.11. 12,055,860 shares of the company were exchanged, compared to its average volume of 15,542,276. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $108.26 and a 200 day moving average of $110.40. The company has a market capitalization of $444.36 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The firm 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 $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is currently 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.