Exxon Mobil Corporation (NYSE:XOM) is Knights of Columbus Asset Advisors LLC's 6th Largest Position

Key Points

• Knights of Columbus Asset Advisors LLC has reduced its holdings in Exxon Mobil Corporation by 6.2%, selling 15,298 shares, and now owns 231,151 shares valued at approximately $27.5 million.
• Exxon Mobil's stock currently holds an average rating of "Moderate Buy" from analysts, with a price target of $125.42 and recent research notes indicating varied ratings from firms such as Scotiabank and Morgan Stanley.
• The company recently declared a quarterly dividend of $0.99 per share, representing an annual yield of 3.57% and indicating a dividend payout ratio of 52.52%.

Knights of Columbus Asset Advisors LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 231,151 shares of the oil and gas company's stock after selling 15,298 shares during the period. Exxon Mobil accounts for 1.9% of Knights of Columbus Asset Advisors LLC's investment portfolio, making the stock its 6th biggest position. Knights of Columbus Asset Advisors LLC's holdings in Exxon Mobil were worth $27,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Axis Wealth Partners LLC lifted its holdings in shares of Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after acquiring an additional 93 shares during the last quarter. WPWealth LLP increased its position in shares of Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 96 shares during the period. Ascent Capital Management LLC increased its position in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after buying an additional 96 shares during the period. DDD Partners LLC increased its position in shares of Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after buying an additional 96 shares during the period. Finally, Clarity Asset Management Inc. increased its position in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

XOM traded up $0.51 during trading on Tuesday, hitting $111.95. The company's stock had a trading volume of 6,712,507 shares, compared to its average volume of 16,771,145. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The firm has a market cap of $482.45 billion, a PE ratio of 14.85, a P/E/G ratio of 2.08 and a beta of 0.50. The business's 50 day simple moving average is $108.85 and its 200-day simple moving average is $109.08.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the firm earned $2.06 earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Mizuho cut 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. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.42.

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.