Sentry Investment Management LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Sentry Investment Management LLC decreased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,815 shares of the oil and gas company's stock after selling 4,750 shares during the period. Exxon Mobil comprises approximately 1.0% of Sentry Investment Management LLC's portfolio, making the stock its 15th biggest holding. Sentry Investment Management LLC's holdings in Exxon Mobil were worth $1,643,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. 10Elms LLP purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $36,000. Finally, Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE:XOM traded down $1.47 during midday trading on Wednesday, hitting $102.33. The company had a trading volume of 15,622,739 shares, compared to its average volume of 15,554,236. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The stock's fifty day moving average price is $106.37 and its 200-day moving average price is $109.47. The company has a market capitalization of $441.01 billion, a PE ratio of 13.05, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company 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 earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.87%. Exxon Mobil's payout ratio is 52.52%.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine 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 presently has an average rating of "Moderate Buy" and an average target price of $125.50.

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.