Integrated Investment Consultants LLC Has $1.68 Million Stake in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Integrated Investment Consultants LLC significantly reduced its stake in Exxon Mobil by 94.8%, now holding only 14,157 shares after selling 256,031 shares during the first quarter.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, which provides an annualized yield of 3.59%.
• Analysts have mixed ratings on Exxon Mobil, with reports showing ten hold ratings, eight buy ratings, and two strong buy ratings, as well as a consensus target price of $125.42.

Integrated Investment Consultants LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 94.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,157 shares of the oil and gas company's stock after selling 256,031 shares during the period. Integrated Investment Consultants LLC's holdings in Exxon Mobil were worth $1,684,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP grew its holdings in shares of Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $55,000. Journey Strategic Wealth LLC raised its position in Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after purchasing an additional 1,379 shares during the period. Legacy Trust lifted its stake in shares of Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares in the last quarter. Finally, Hartford Funds Management Co LLC grew its stake in shares of Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after buying an additional 2,617 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XOM. Piper Sandler increased their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Price Performance

XOM traded up $1.03 on Monday, reaching $111.43. The company had a trading volume of 12,351,347 shares, compared to its average volume of 13,922,875. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a market capitalization of $480.22 billion, a P/E ratio of 14.78, a PEG ratio of 2.08 and a beta of 0.50. The company has a fifty day moving average of $108.75 and a 200-day moving average of $109.05. 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 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 company 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 12.06% and a net margin of 9.49%. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. Exxon Mobil's dividend payout ratio is 52.52%.

Exxon Mobil Company 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.