Sutton Place Investors LLC lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 37.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,611 shares of the oil and gas company's stock after selling 6,274 shares during the period. Sutton Place Investors LLC's holdings in Exxon Mobil were worth $1,262,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Quantinno Capital Management LP lifted its stake in Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after acquiring an additional 110,772 shares during the period. Accredited Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $55,000. Legacy Trust lifted its stake in Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after acquiring an additional 997 shares during the period. Renasant Bank lifted its stake in Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after acquiring an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV lifted its stake in Exxon Mobil by 1.6% during the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after acquiring an additional 227 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on XOM shares. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank decreased their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.55.
Check Out Our Latest Research Report on XOM
Exxon Mobil Price Performance
Shares of NYSE:XOM traded up $3.08 during midday trading on Tuesday, hitting $114.19. The company's stock had a trading volume of 17,907,952 shares, compared to its average volume of 15,778,755. The business's 50 day simple moving average is $107.37 and its 200 day simple moving average is $108.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The company has a market cap of $492.12 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the business earned $2.06 earnings per share. Exxon Mobil's revenue was up .1% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
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 dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.
Exxon Mobil Company Profile
(
Free Report)
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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