MPS Loria Financial Planners LLC Cuts Stock Position in Exxon Mobil Corporation (NYSE:XOM)

MPS Loria Financial Planners LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 36.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,201 shares of the oil and gas company's stock after selling 2,991 shares during the period. MPS Loria Financial Planners LLC's holdings in Exxon Mobil were worth $619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 10Elms LLP purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $32,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. 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, Scotiabank decreased their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.81 on Monday. The firm has a market capitalization of $494.77 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.29 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock's 50-day simple moving average is $106.56 and its two-hundred day simple moving average is $108.56. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 EPS. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS 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 $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 yield of 3.45%. Exxon Mobil's dividend payout ratio is currently 52.52%.

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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