Miracle Mile Advisors LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,266 shares of the oil and gas company's stock after selling 2,504 shares during the period. Miracle Mile Advisors LLC's holdings in Exxon Mobil were worth $4,551,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $36,000. Finally, Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Stock Up 2.4%
Shares of XOM opened at $104.29 on Monday. The company has a market capitalization of $449.45 billion, a PE ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The stock's 50-day moving average price is $105.42 and its two-hundred day moving average price is $109.02. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on XOM shares. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $125.50.
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About Exxon Mobil
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Free Report)
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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