Sonora Investment Management Group LLC Has $7.45 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Sonora Investment Management Group LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,614 shares of the oil and gas company's stock after selling 4,727 shares during the period. Sonora Investment Management Group LLC's holdings in Exxon Mobil were worth $7,447,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XOM. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $36,000. Finally, Compass Planning Associates Inc acquired a new position in Exxon Mobil during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XOM. 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 report on Wednesday, May 28th. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of XOM traded up $2.09 during trading hours on Wednesday, reaching $109.31. 22,618,762 shares of the company traded hands, compared to its average volume of 15,610,014. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $471.08 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The stock's fifty day moving average is $105.04 and its 200 day moving average is $108.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $2.06 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) 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.