Exxon Mobil Co. (NYSE:XOM) Shares Sold by Smith Anglin Financial LLC

Smith Anglin Financial LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 25.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,869 shares of the oil and gas company's stock after selling 9,560 shares during the period. Smith Anglin Financial LLC's holdings in Exxon Mobil were worth $3,314,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. 10Elms LLP purchased a new stake in Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $32,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $36,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Mizuho lowered 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. Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, Barclays restated 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 issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Down 0.5%

Exxon Mobil stock traded down $0.51 during midday trading on Thursday, hitting $101.79. 13,830,883 shares of the company were exchanged, compared to its average volume of 15,532,319. The company has a market cap of $438.67 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company's fifty day moving average price is $106.06 and its 200-day moving average price is $109.42. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, May 15th. 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.