KBC Group NV Cuts Holdings in Exxon Mobil Corporation (NYSE:XOM)

KBC Group NV decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 361,179 shares of the oil and gas company's stock after selling 9,998 shares during the quarter. KBC Group NV's holdings in Exxon Mobil were worth $42,955,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in 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 worth about $55,000. Legacy Trust boosted its position in shares of Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares in the last quarter. Renasant Bank boosted its position in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV boosted its position in shares of Exxon Mobil by 1.6% during the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after acquiring an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 1.4%

Exxon Mobil stock opened at $107.84 on Tuesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a 50 day moving average of $107.08 and a two-hundred day moving average of $108.43. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $464.75 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 2.12 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the firm earned $2.06 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil's payout ratio is 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.10.

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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