Stoneridge Investment Partners LLC Has $1.47 Million Stake in Exxon Mobil Corporation $XOM

Key Points

• Stoneridge Investment Partners LLC has reduced its stake in Exxon Mobil Corporation by 29%, now holding 12,329 shares, valued at approximately $1.47 million.
• Exxon Mobil reported earnings of $1.64 per share for the last quarter, surpassing expectations, but its revenue decreased by 12.4% compared to the previous year.
• The company announced a quarterly dividend of $0.99, with a dividend yield of 3.7%, expected to be paid on September 10th.

Stoneridge Investment Partners LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 29.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,329 shares of the oil and gas company's stock after selling 5,035 shares during the period. Exxon Mobil accounts for approximately 1.2% of Stoneridge Investment Partners LLC's holdings, making the stock its 27th largest holding. Stoneridge Investment Partners LLC's holdings in Exxon Mobil were worth $1,466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC increased its holdings in Exxon Mobil by 14.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 32,543 shares of the oil and gas company's stock valued at $3,870,000 after purchasing an additional 4,011 shares in the last quarter. Aspire Growth Partners LLC grew its holdings in Exxon Mobil by 3.1% during the 1st quarter. Aspire Growth Partners LLC now owns 13,628 shares of the oil and gas company's stock worth $1,621,000 after acquiring an additional 405 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Exxon Mobil by 27.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 14,036 shares of the oil and gas company's stock worth $1,670,000 after acquiring an additional 3,051 shares during the last quarter. Frisch Financial Group Inc. grew its holdings in Exxon Mobil by 12.6% during the 1st quarter. Frisch Financial Group Inc. now owns 11,777 shares of the oil and gas company's stock worth $1,401,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Erste Asset Management GmbH grew its holdings in Exxon Mobil by 62.2% during the 1st quarter. Erste Asset Management GmbH now owns 36,650 shares of the oil and gas company's stock worth $4,315,000 after acquiring an additional 14,055 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $107.3140 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market cap of $457.51 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. The stock has a 50-day moving average of $110.29 and a 200-day moving average of $108.87. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the firm earned $2.14 EPS. Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil's payout ratio is currently 56.25%.

Analyst Ratings Changes

A number of equities research analysts have commented on XOM shares. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and an average target price of $125.84.

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.

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