Symmetry Partners LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 43.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 42,807 shares of the oil and gas company's stock after selling 32,461 shares during the quarter. Symmetry Partners LLC's holdings in Exxon Mobil were worth $4,976,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $50,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $80,000. Neo Ivy Capital Management acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $80,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth about $91,000. 61.80% of the stock is currently owned by institutional investors.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,426 shares of the firm's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.
Exxon Mobil Stock Performance
Shares of NYSE:XOM traded up $1.02 during trading on Wednesday, reaching $109.38. The stock had a trading volume of 17,762,915 shares, compared to its average volume of 15,136,387. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a market capitalization of $431.29 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 3.86 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $116.35 and a two-hundred day simple moving average of $108.96.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the prior year, the business earned $2.83 EPS. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.47%. Exxon Mobil's payout ratio is 46.57%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an "overweight" rating and a $147.00 target price on the stock. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, April 18th. UBS Group raised their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday, May 7th. Finally, Wells Fargo & Company raised their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an "overweight" rating in a report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.71.
Check Out Our Latest Stock Report on XOM
About Exxon Mobil
(Free Report)
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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