Stableford Capital II LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Get Rating) by 80.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,636 shares of the oil and gas company's stock after selling 23,744 shares during the quarter. Stableford Capital II LLC's holdings in Exxon Mobil were worth $622,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Axiom Financial Strategies LLC grew its stake in shares of Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company's stock valued at $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc bought a new position in shares of Exxon Mobil in the first quarter worth approximately $275,000. Loomis Sayles & Co. L P raised its position in shares of Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company's stock valued at $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC lifted its stake in shares of Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company's stock valued at $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new position in Exxon Mobil in the 1st quarter worth $237,000. Institutional investors own 58.59% of the company's stock.
Exxon Mobil Stock Down 0.5 %
Shares of XOM opened at $103.31 on Friday. The company has a market capitalization of $417.68 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.61 and a beta of 1.09. Exxon Mobil Co. has a 52 week low of $80.69 and a 52 week high of $119.92. The stock's 50-day moving average price is $108.41 and its 200-day moving average price is $109.62. 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 (NYSE:XOM - Get Rating) last released its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping the consensus estimate 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 business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.59 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil's payout ratio is currently 24.64%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Piper Sandler reduced their target price on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Morgan Stanley upped their target price on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. The Goldman Sachs Group cut Exxon Mobil from a "buy" rating to a "neutral" rating and set a $125.00 price objective for the company. in a research note on Monday, May 1st. Wells Fargo & Company lifted their target price on Exxon Mobil from $125.00 to $133.00 and gave the company an "overweight" rating in a research note on Friday, March 3rd. Finally, HSBC increased their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a "hold" rating in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.70.
Insider Buying and Selling
In other news, VP Darrin L. Talley sold 2,500 shares of the business's stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is currently owned by insiders.
About Exxon Mobil
(Get Rating)Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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