First National Bank of South Miami decreased its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,751 shares of the oil and gas company’s stock after selling 810 shares during the quarter. Exxon Mobil accounts for approximately 1.5% of First National Bank of South Miami’s holdings, making the stock its 14th biggest position. First National Bank of South Miami’s holdings in Exxon Mobil were worth $1,837,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP purchased a new position in Exxon Mobil in the 4th quarter worth about $27,000. Corrado Advisors LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $28,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Align Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $38,000. Finally, Financial Connections Group Inc. grew its stake in shares of Exxon Mobil by 1,207.1% during the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 338 shares during the period. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Wall Street Analyst Weigh In
XOM has been the subject of a number of recent research reports. HSBC boosted their price objective on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. Royal Bank of Canada downgraded Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective for the company. in a research note on Thursday, June 1st. The Goldman Sachs Group downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, May 1st. Jefferies Financial Group cut their price objective on Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Finally, StockNews.com assumed coverage on Exxon Mobil in a research note on Thursday, May 18th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $124.70.
Insider Buying and Selling
Exxon Mobil Trading Up 1.2 %
Shares of XOM stock opened at $106.70 on Friday. The company has a market cap of $431.39 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The stock’s 50 day simple moving average is $107.28 and its two-hundred day simple moving average is $109.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10.
Exxon Mobil (NYSE:XOM – Free Report) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.18. The firm had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 EPS. Research analysts predict that Exxon Mobil Co. will post 9.59 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.
About Exxon Mobil
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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