Raleigh Capital Management Inc. Sells 3,239 Shares of Exxon Mobil Corporation (NYSE:XOM)

Raleigh Capital Management Inc. decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,813 shares of the oil and gas company's stock after selling 3,239 shares during the quarter. Exxon Mobil accounts for approximately 1.2% of Raleigh Capital Management Inc.'s investment portfolio, making the stock its 15th biggest holding. Raleigh Capital Management Inc.'s holdings in Exxon Mobil were worth $2,594,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the 4th quarter valued at about $6,936,737,000. Northern Trust Corp increased its stake in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Exxon Mobil by 13.1% in the 4th 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 during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday. Mizuho decreased their price objective 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. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company 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 assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $0.47 during mid-day trading on Friday, reaching $115.40. The company's stock had a trading volume of 11,639,620 shares, compared to its average volume of 17,020,082. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a PEG ratio of 2.19 and a beta of 0.50. 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's fifty day moving average price is $107.83 and its two-hundred day moving average price is $108.72.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. 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.