Second Line Capital LLC Sells 6,285 Shares of Exxon Mobil Co. (NYSE:XOM)

Second Line Capital LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,163 shares of the oil and gas company's stock after selling 6,285 shares during the quarter. Exxon Mobil accounts for 1.3% of Second Line Capital LLC's investment portfolio, making the stock its 17th largest holding. Second Line Capital LLC's holdings in Exxon Mobil were worth $4,751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Quantinno Capital Management LP lifted its stake in shares of Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $55,000. Rockline Wealth Management LLC lifted its position in shares of Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after buying an additional 1,498 shares in the last quarter. Renasant Bank raised its position in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after purchasing an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV raised its holdings in shares of Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after buying an additional 227 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XOM. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Piper Sandler lowered their price objective on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, BMO Capital Markets cut their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Down 1.7%

Shares of NYSE:XOM traded down $1.79 during trading on Monday, reaching $106.40. 16,792,410 shares of the stock were exchanged, compared to its average volume of 15,563,397. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a fifty day moving average of $108.98 and a two-hundred day moving average of $110.77. The firm has a market cap of $458.55 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth 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 (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating 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 analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.72%. Exxon Mobil's payout ratio is currently 52.52%.

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.