one8zero8 LLC Sells 2,854 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• one8zero8 LLC reduced its stake in Exxon Mobil by 6.6%, selling 2,854 shares, leaving it with a total of 40,404 shares valued at approximately $4.8 million.
• Institutional investors control 61.80% of Exxon Mobil's stock, with several firms, including Geode Capital Management and Northern Trust Corp, increasing their holdings in the last quarter.
• Exxon Mobil's stock has a current average rating of "Moderate Buy" with a consensus price target of $125.42, indicating optimism from analysts despite fluctuations in stock performance and quarterly earnings.

one8zero8 LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,404 shares of the oil and gas company's stock after selling 2,854 shares during the period. Exxon Mobil accounts for about 1.1% of one8zero8 LLC's investment portfolio, making the stock its 17th biggest holding. one8zero8 LLC's holdings in Exxon Mobil were worth $4,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in XOM. GAMMA Investing LLC grew its position in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Northern Trust Corp lifted its position in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $240,653,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Exxon Mobil by 8.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock valued at $2,409,106,000 after purchasing an additional 1,550,248 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.6%

Exxon Mobil stock traded down $0.68 during trading hours on Wednesday, reaching $112.20. 4,645,664 shares of the company's stock traded hands, compared to its average volume of 16,750,760. 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 firm has a market capitalization of $483.55 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 2.10 and a beta of 0.50. The firm's 50 day moving average is $109.01 and its 200-day moving average is $109.11. Exxon Mobil Corporation 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 issued 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 during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 earnings per share. On average, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Piper Sandler boosted their target price 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. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have issued 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.