Exxon Mobil Co. (NYSE:XOM) Position Lowered by Thompson Investment Management Inc.

Thompson Investment Management Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,954 shares of the oil and gas company's stock after selling 3,593 shares during the quarter. Exxon Mobil accounts for approximately 2.8% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 3rd largest position. Thompson Investment Management Inc.'s holdings in Exxon Mobil were worth $18,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 10Elms LLP purchased a new position in Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth $32,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on XOM shares. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Scotiabank decreased 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, Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Trading Up 2.1%

Shares of Exxon Mobil stock traded up $2.33 during mid-day trading on Friday, hitting $112.06. 28,512,903 shares of the stock were exchanged, compared to its average volume of 15,691,277. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The company has a 50-day simple moving average of $105.51 and a 200 day simple moving average of $108.72. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results 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. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the business posted $2.06 earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is presently 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.