Objective Capital Management LLC Has $202,000 Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Objective Capital Management LLC reduced its stake in Exxon Mobil by 63.5%, owning 1,698 shares valued at $202,000 as of its latest SEC filing.
• Exxon Mobil's shares opened at $110.42 and currently have a 52-week range of $97.80 to $126.34, with a market cap of $475.87 billion.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, representing an annualized yield of 3.59% and a payout ratio of 52.52%.

Objective Capital Management LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 63.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,698 shares of the oil and gas company's stock after selling 2,956 shares during the period. Objective Capital Management LLC's holdings in Exxon Mobil were worth $202,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. grew its holdings in shares of Exxon Mobil by 29.7% in 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XOM shares. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. UBS Group decreased their price objective 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. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler increased their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Stock Down 0.6%

Shares of XOM stock traded down $0.68 during trading hours on Wednesday, hitting $112.20. 4,645,664 shares of the company were exchanged, compared to its average volume of 16,750,760. The company has a market capitalization of $483.55 billion, a PE ratio of 14.88, a PEG ratio of 2.10 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The business has a 50 day moving average of $109.01 and a two-hundred day moving average of $109.11.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 3.53%. Exxon Mobil's 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.