Newman Dignan & Sheerar Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,420 shares of the oil and gas company’s stock after selling 432 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Exxon Mobil were worth $2,020,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $25,000. Dark Forest Capital Management LP acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $27,000. Corrado Advisors LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $28,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Exxon Mobil in the fourth quarter worth $36,000. Finally, Artemis Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth $36,000. 58.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
XOM has been the subject of several analyst reports. The Goldman Sachs Group cut Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Monday, May 1st. Morgan Stanley cut their target price on shares of Exxon Mobil from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. Truist Financial lifted their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. HSBC raised their price objective on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Finally, UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $144.00 in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $124.66.
Insider Activity at Exxon Mobil
Exxon Mobil Trading Up 0.5 %
Shares of Exxon Mobil stock opened at $103.89 on Friday. The company’s fifty day moving average is $104.93 and its two-hundred day moving average is $109.28. Exxon Mobil Co. has a 1 year low of $83.89 and a 1 year 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. The company has a market capitalization of $420.03 billion, a P/E ratio of 7.03, a PEG ratio of 0.55 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter in the previous year, the firm posted $2.07 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 9.45 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently declared 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. This represents a $3.64 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Monday, May 15th. 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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