Mcdonald Partners LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,574 shares of the oil and gas company’s stock after selling 662 shares during the quarter. Exxon Mobil accounts for about 1.8% of Mcdonald Partners LLC’s portfolio, making the stock its 7th largest position. Mcdonald Partners LLC’s holdings in Exxon Mobil were worth $5,656,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Moneta Group Investment Advisors LLC lifted its position in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares during the last quarter. Morgan Stanley raised its stake in shares of Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the period. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD raised its stake in shares of Exxon Mobil by 3.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock valued at $4,523,610,000 after acquiring an additional 1,344,934 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after acquiring an additional 560,517 shares during the period. Institutional investors own 58.59% of the company’s stock.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the transaction, the vice president now directly owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by insiders.
Exxon Mobil Stock Up 0.2 %
Exxon Mobil (NYSE:XOM – Free Report) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business earned $2.07 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.46 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is presently 24.64%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on XOM shares. Jefferies Financial Group reduced their target price on shares of Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Royal Bank of Canada downgraded shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 target price on the stock. in a research note on Thursday, June 1st. Truist Financial raised their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Finally, UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $125.00 to $144.00 in a research note on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.70.
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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