Werba Rubin Papier Wealth Management trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 10.5% during the first quarter, HoldingsChannel reports. The firm owned 9,587 shares of the oil and gas company’s stock after selling 1,127 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Exxon Mobil were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in XOM. Moneta Group Investment Advisors LLC raised its stake in Exxon Mobil by 140,855.3% in the 4th 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 acquiring an additional 123,254,064 shares during the period. Morgan Stanley raised its stake in Exxon Mobil by 11.9% in the 4th 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 bought a new stake in Exxon Mobil in the 4th quarter valued at about $5,226,390,000. Price T Rowe Associates Inc. MD grew its holdings in Exxon Mobil by 3.4% during the 4th 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 buying an additional 1,344,934 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 1.8% during the 1st 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 buying an additional 560,517 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on XOM. Royal Bank of Canada lowered Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 target price for the company. in a report on Thursday, June 1st. Mizuho reduced their target price on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Scotiabank lowered 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 report on Thursday, April 13th. StockNews.com initiated coverage on Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Truist Financial boosted their price objective on Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $124.70.
Insider Activity at Exxon Mobil
Exxon Mobil Stock Performance
Shares of XOM stock opened at $101.38 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92. The stock has a 50 day moving average price of $105.31 and a two-hundred day moving average price of $109.47. The company has a market capitalization of $409.88 billion, a P/E ratio of 6.86, a PEG ratio of 0.55 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. The company had revenue of $86.56 billion during 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 firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.45 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.59%. Exxon Mobil’s dividend payout ratio is presently 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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