Vontobel Holding Ltd. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 234,942 shares of the oil and gas company's stock after selling 5,522 shares during the period. Vontobel Holding Ltd.'s holdings in Exxon Mobil were worth $27,942,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of XOM. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $32,000. Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $47,000. Finally, Clarity Asset Management Inc. boosted its holdings in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Price Performance
XOM traded up $1.10 during midday trading on Thursday, hitting $112.15. The stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,727,119. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. 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 business has a fifty day moving average of $107.17 and a 200 day moving average of $108.45. The company has a market cap of $483.33 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (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 analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on XOM shares. Piper Sandler upgraded shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and boosted their target price for the company from $125.00 to $131.00 in a research note on Wednesday. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank decreased their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $125.40.
Read Our Latest Research Report on Exxon Mobil
About Exxon Mobil
(
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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