Morningstar Investment Services LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 52.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 34,363 shares of the oil and gas company's stock after selling 37,480 shares during the quarter. Morningstar Investment Services LLC's holdings in Exxon Mobil were worth $4,087,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Axis Wealth Partners LLC boosted its stake in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after acquiring an additional 93 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after acquiring an additional 94 shares in the last quarter. WPWealth LLP boosted its stake in 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 in the last quarter. Ascent Capital Management LLC boosted its stake in Exxon Mobil by 2.0% in 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 acquiring an additional 96 shares in the last quarter. Finally, DDD Partners LLC boosted its stake in Exxon Mobil by 1.4% in the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Trading Down 3.4%
Shares of NYSE XOM traded down $3.79 during trading on Friday, hitting $107.87. 32,323,515 shares of the company traded hands, compared to its average volume of 15,860,627. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a 50-day moving average price of $108.66 and a 200-day moving average price of $108.96. The firm has a market capitalization of $464.88 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.01 and a beta of 0.50. 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 (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the business posted $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The business also recently announced 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 was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $125.42.
Read Our Latest Stock Report on XOM
Exxon Mobil Company Profile
(
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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