Exxon Mobil Co. (NYSE:XOM) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,482 shares of the oil and gas company's stock after selling 3,435 shares during the period. North Star Investment Management Corp.'s holdings in Exxon Mobil were worth $7,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $32,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.3%

Shares of XOM stock traded up $0.36 during mid-day trading on Monday, reaching $112.48. 22,874,304 shares of the company were exchanged, compared to its average volume of 15,720,002. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business's 50 day simple moving average is $105.51 and its 200 day simple moving average is $108.66. The company has a market capitalization of $484.73 billion, a P/E ratio of 14.35, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business earned $2.06 EPS. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

Several analysts have commented on the company. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their price target 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. Finally, Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $125.50.

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.