Red Spruce Capital LLC Sells 3,975 Shares of Exxon Mobil Co. (NYSE:XOM)

Red Spruce Capital LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 21.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,179 shares of the oil and gas company's stock after selling 3,975 shares during the quarter. Red Spruce Capital LLC's holdings in Exxon Mobil were worth $1,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick acquired a new position in Exxon Mobil during the 4th quarter worth about $789,000. Blue Trust Inc. lifted its position in Exxon Mobil by 17.5% during the 4th quarter. Blue Trust Inc. now owns 143,807 shares of the oil and gas company's stock valued at $16,857,000 after purchasing an additional 21,391 shares during the period. Capital Asset Advisory Services LLC lifted its position in Exxon Mobil by 3.7% during the 4th quarter. Capital Asset Advisory Services LLC now owns 61,159 shares of the oil and gas company's stock valued at $6,597,000 after purchasing an additional 2,175 shares during the period. Apexium Financial LP lifted its position in Exxon Mobil by 19.1% during the 4th quarter. Apexium Financial LP now owns 11,482 shares of the oil and gas company's stock valued at $1,235,000 after purchasing an additional 1,842 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Exxon Mobil during the 4th quarter valued at about $48,348,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. UBS Group lowered their price target 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. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Down 0.6%

NYSE XOM traded down $0.61 during trading hours on Friday, reaching $102.08. 28,636,718 shares of the company's stock were exchanged, compared to its average volume of 15,602,445. The company's 50-day moving average is $106.95 and its two-hundred day moving average is $109.78. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market capitalization of $439.93 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.88%. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.