Reliant Investment Management LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 43.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,894 shares of the oil and gas company’s stock after selling 6,000 shares during the period. Reliant Investment Management LLC’s holdings in Exxon Mobil were worth $866,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Dark Forest Capital Management LP bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $27,000. Corrado Advisors LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $28,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $38,000. Finally, Financial Connections Group Inc. grew its stake in shares of Exxon Mobil by 1,207.1% in the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares during the period. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Stock Up 0.2 %
NYSE:XOM opened at $103.16 on Friday. The stock’s fifty day simple moving average is $105.95 and its 200-day simple moving average is $109.65. Exxon Mobil Co. has a 12-month low of $80.69 and a 12-month high of $119.92. The firm has a market capitalization of $417.07 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.61 and a beta of 1.08. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.53%. Exxon Mobil’s dividend payout ratio is presently 24.64%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the transaction, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades
XOM has been the topic of several analyst reports. Royal Bank of Canada lowered 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 report on Thursday, June 1st. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. HSBC increased their price target on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. Mizuho decreased their price target on Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. Finally, StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday, May 18th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $124.70.
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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