Lindbrook Capital LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 24.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,897 shares of the oil and gas company’s stock after selling 2,622 shares during the period. Lindbrook Capital LLC’s holdings in Exxon Mobil were worth $866,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of XOM. Cookson Peirce & Co. Inc. raised its holdings in shares of Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 1,469 shares during the last quarter. St. Louis Trust Co raised its holdings in shares of Exxon Mobil by 11.0% in the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock valued at $3,919,000 after purchasing an additional 3,507 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Exxon Mobil by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock valued at $12,963,000 after purchasing an additional 5,770 shares during the last quarter. TIAA FSB raised its holdings in shares of Exxon Mobil by 8.2% in the first quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock valued at $55,837,000 after purchasing an additional 38,760 shares during the last quarter. Finally, Northstar Asset Management LLC raised its holdings in shares of Exxon Mobil by 3.0% in the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock valued at $3,558,000 after purchasing an additional 925 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on XOM. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $140.00 to $135.00 in a report on Thursday, April 13th. Truist Financial lifted their price objective on shares of Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. The Goldman Sachs Group downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Monday, May 1st. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. Finally, StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $124.70.
Insider Activity
Exxon Mobil Trading Up 0.4 %
Shares of Exxon Mobil stock opened at $101.38 on Tuesday. The firm has a 50-day moving average of $105.31 and a 200-day moving average of $109.47. The stock has a market cap of $409.88 billion, a PE ratio of 6.86, a PEG ratio of 0.55 and a beta of 1.08. Exxon Mobil Co. has a 52-week low of $83.89 and a 52-week high of $119.92. 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 (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (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 analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. Exxon Mobil’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.07 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.45 EPS for the current year.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a $0.91 dividend. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.59%. Exxon Mobil’s payout ratio is presently 24.64%.
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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