Weaver Capital Management LLC Has $3.80 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Weaver Capital Management LLC lowered its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,988 shares of the oil and gas company's stock after selling 3,298 shares during the quarter. Exxon Mobil makes up about 1.0% of Weaver Capital Management LLC's investment portfolio, making the stock its 21st largest holding. Weaver Capital Management LLC's holdings in Exxon Mobil were worth $3,804,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $32,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the fourth quarter valued at $47,000. Finally, Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $114.81 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a market cap of $494.77 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.29 and a beta of 0.49. The firm's 50-day simple moving average is $106.56 and its 200 day simple moving average is $108.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the firm earned $2.06 earnings per share. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Mizuho cut their target price on shares of 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, Scotiabank cut their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

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.

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