Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Transce3nd LLC

Transce3nd LLC decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 25.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,883 shares of the oil and gas company's stock after selling 5,440 shares during the quarter. Exxon Mobil comprises about 0.8% of Transce3nd LLC's portfolio, making the stock its 17th biggest position. Transce3nd LLC's holdings in Exxon Mobil were worth $1,888,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XOM. Quantinno Capital Management LP raised its holdings in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $55,000. Legacy Trust raised its stake in shares of 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 buying an additional 997 shares during the last quarter. Paradigm Capital Management LLC NV lifted its holdings in shares of Exxon Mobil by 1.6% in 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 buying an additional 227 shares during the period. Finally, SteelPeak Wealth LLC lifted its holdings in shares of Exxon Mobil by 24.2% in the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock valued at $4,605,000 after buying an additional 7,543 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Down 3.4%

Shares of Exxon Mobil stock traded down $3.79 during trading hours on Friday, reaching $107.87. 32,323,515 shares of the company were exchanged, compared to its average volume of 15,860,627. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock's fifty day moving average is $108.66 and its 200 day moving average is $108.96. 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 firm has a market cap of $464.88 billion, a PE ratio of 14.31, a PEG ratio of 2.01 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business 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 12.06% and a net margin of 9.49%. The company's revenue 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. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share 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 issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on XOM shares. Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a report on Tuesday. Piper Sandler boosted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

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.