Penserra Capital Management LLC Sells 3,851 Shares of Exxon Mobil Corporation (NYSE:XOM)

Penserra Capital Management LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,631 shares of the oil and gas company's stock after selling 3,851 shares during the quarter. Penserra Capital Management LLC's holdings in Exxon Mobil were worth $907,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in Exxon Mobil by 35.3% during the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after buying an additional 4,760 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $863,000. GC Wealth Management RIA LLC increased its stake in Exxon Mobil by 63.7% during the 4th quarter. GC Wealth Management RIA LLC now owns 6,014 shares of the oil and gas company's stock worth $647,000 after purchasing an additional 2,341 shares in the last quarter. AGF Management Ltd. increased its stake in Exxon Mobil by 9.3% during the 4th quarter. AGF Management Ltd. now owns 329,882 shares of the oil and gas company's stock worth $35,485,000 after purchasing an additional 27,944 shares in the last quarter. Finally, Cascade Financial Partners LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $268,000. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $126.05.

Exxon Mobil Stock Up 0.4%

Shares of NYSE XOM traded up $0.47 during trading hours on Friday, hitting $115.40. The company had a trading volume of 11,683,034 shares, compared to its average volume of 15,798,174. The stock has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm's 50 day moving average is $108.01 and its 200-day moving average is $108.78.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.43%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is 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.