Stonebridge Capital Management Inc. reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Get Rating) by 18.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,722 shares of the oil and gas company's stock after selling 5,000 shares during the period. Exxon Mobil makes up about 1.1% of Stonebridge Capital Management Inc.'s investment portfolio, making the stock its 25th biggest position. Stonebridge Capital Management Inc.'s holdings in Exxon Mobil were worth $2,382,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of XOM. Dark Forest Capital Management LP acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $27,000. Corrado Advisors LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $28,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $36,000. Align Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $38,000. Finally, Financial Connections Group Inc. increased its stake in Exxon Mobil by 1,207.1% in the fourth quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 338 shares in the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Stock Down 0.7 %
Exxon Mobil stock opened at $105.13 on Friday. The company has a market cap of $425.04 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09. 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 company has a fifty day simple moving average of $109.32 and a 200 day simple moving average of $109.81. Exxon Mobil Co. has a 1-year low of $80.69 and a 1-year high of $119.92.
Exxon Mobil (NYSE:XOM - Get Rating) last announced its quarterly 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 firm 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%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.07 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business 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 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Monday, May 15th. Exxon Mobil's dividend payout ratio is presently 24.64%.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm's stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the transaction, the vice president now directly owns 29,272 shares of the company's stock, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.06% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Piper Sandler lowered their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. The Goldman Sachs Group downgraded shares of 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. Mizuho lowered their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Scotiabank downgraded shares of Exxon Mobil from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Finally, Royal Bank of Canada downgraded shares of Exxon Mobil from an "outperform" rating to a "sector perform" rating and set a $125.00 price objective for the company. in a research report on Thursday, June 1st. 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.70.
Exxon Mobil Profile
(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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