Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Motco

Key Points

• Motco has reduced its stake in Exxon Mobil Corporation by 2.8%, now holding 98,122 shares valued at approximately $11.67 million, which constitutes 1.2% of its total holdings.
• Exxon Mobil recently reported $1.76 earnings per share for the last quarter, surpassing analyst expectations of $1.73, while its revenue was $83.13 billion, slightly below forecasts.
• The company's quarterly dividend of $0.99, paid out recently, equates to an annualized yield of 3.59% with a payout ratio of 52.52%.

Motco lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,122 shares of the oil and gas company's stock after selling 2,812 shares during the quarter. Exxon Mobil comprises approximately 1.2% of Motco's investment portfolio, making the stock its 25th largest holding. Motco's holdings in Exxon Mobil were worth $11,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. 10Elms LLP purchased a new position in Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the 1st quarter worth $29,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $32,000. Cloud Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter worth $45,000. Finally, Clarity Asset Management Inc. increased its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.3%

Shares of XOM stock traded down $0.38 during trading hours on Wednesday, reaching $112.50. The company had a trading volume of 4,895,445 shares, compared to its average volume of 16,752,891. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market capitalization of $484.83 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 2.10 and a beta of 0.50. The stock's fifty day simple moving average is $109.01 and its 200 day simple moving average is $109.11.

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 earnings per share for the quarter, beating 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 firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus 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.