Winthrop Advisory Group LLC reduced its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 64.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,498 shares of the oil and gas company's stock after selling 8,019 shares during the period. Winthrop Advisory Group LLC's holdings in Exxon Mobil were worth $535,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $6,936,737,000. GAMMA Investing LLC boosted its stake in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Price Performance
Shares of XOM traded down $0.61 during mid-day trading on Friday, reaching $102.08. The company had a trading volume of 28,636,718 shares, compared to its average volume of 15,548,490. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company's 50-day moving average is $106.95 and its 200-day moving average is $109.69. The company has a market capitalization 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.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the firm posted $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.88%. Exxon Mobil's payout ratio is presently 52.52%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on XOM shares. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Mizuho decreased 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. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One 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 stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.
Check Out Our Latest Stock Analysis on XOM
Exxon Mobil Company Profile
(
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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