First City Capital Management Inc. decreased its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,435 shares of the oil and gas company’s stock after selling 1,956 shares during the quarter. Exxon Mobil accounts for about 3.3% of First City Capital Management Inc.’s portfolio, making the stock its 3rd largest position. First City Capital Management Inc.’s holdings in Exxon Mobil were worth $5,613,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC lifted its stake in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after buying an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new stake in shares of Exxon Mobil during the first quarter worth about $275,000. Loomis Sayles & Co. L P raised its position in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC raised its position in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $237,000. Institutional investors and hedge funds own 58.59% of the company’s stock.
Analysts Set New Price Targets
XOM has been the topic of a number of research analyst reports. Truist Financial raised their price target on Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. The Goldman Sachs Group lowered Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, May 1st. StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. Finally, Mizuho decreased their price objective on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. One equities research 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’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $124.66.
Insider Buying and Selling
Exxon Mobil Stock Up 0.5 %
XOM stock opened at $103.89 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $420.03 billion, a PE ratio of 7.03, a PEG ratio of 0.58 and a beta of 1.08. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92. The business’s 50 day simple moving average is $104.93 and its 200 day simple moving average is $109.30.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates 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 was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.07 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.11 EPS 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is presently 24.64%.
Exxon Mobil Company 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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