Versant Capital Management Inc Trims Position in Exxon Mobil Co. (NYSE:XOM)

Versant Capital Management Inc trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,244 shares of the oil and gas company's stock after selling 11,213 shares during the period. Exxon Mobil accounts for about 1.4% of Versant Capital Management Inc's holdings, making the stock its 12th largest holding. Versant Capital Management Inc's holdings in Exxon Mobil were worth $8,354,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $32,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $36,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Mizuho reduced their price objective 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. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.61 during trading hours on Friday, reaching $102.08. 28,636,718 shares of the company traded hands, compared to its average volume of 15,602,441. The firm's 50-day moving average is $106.95 and its 200-day moving average is $109.78. The stock has a market cap of $439.93 billion, a P/E ratio of 13.02, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year 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 firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

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.