Oak Thistle LLC Has $644,000 Position in Exxon Mobil Corporation (NYSE:XOM)

Oak Thistle LLC lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 52.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,413 shares of the oil and gas company's stock after selling 5,989 shares during the quarter. Oak Thistle LLC's holdings in Exxon Mobil were worth $644,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Quantinno Capital Management LP raised its position in shares of Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares during the period. Accredited Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $55,000. Legacy Trust raised its position in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 997 shares during the period. Hartford Funds Management Co LLC raised its position in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after purchasing an additional 2,617 shares during the period. Finally, Paradigm Capital Management LLC NV raised its position in Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $0.37 during trading hours on Friday, hitting $110.42. 10,547,065 shares of the stock were exchanged, compared to its average volume of 14,495,533. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market capitalization of $475.87 billion, a P/E ratio of 14.64, a P/E/G ratio of 2.08 and a beta of 0.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The business's 50-day moving average is $108.75 and its two-hundred day moving average is $109.02.

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, topping the consensus estimate 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 analysts' expectations of $86.11 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.59%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

A number of research firms recently commented on XOM. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Piper Sandler lifted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.42.

About Exxon Mobil

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.