Synergy Asset Management LLC lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 56.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,760 shares of the oil and gas company's stock after selling 6,131 shares during the quarter. Synergy Asset Management LLC's holdings in Exxon Mobil were worth $566,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. 10Elms LLP purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $32,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $47,000. Finally, Clarity Asset Management Inc. grew its holdings in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $114.81 on Monday. 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 capitalization of $494.77 billion, a P/E ratio of 15.23, a PEG ratio of 2.29 and a beta of 0.49. The stock has a 50 day moving average price of $106.56 and a two-hundred day moving average price of $108.56. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 earnings per share. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.45%. Exxon Mobil's dividend payout ratio is presently 52.52%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.50.
Read Our Latest Research Report on Exxon Mobil
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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