Palogic Value Management L.P. Has $5.15 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Palogic Value Management L.P. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,878 shares of the oil and gas company’s stock after selling 420 shares during the period. Exxon Mobil accounts for approximately 0.1% of Palogic Value Management L.P.’s holdings, making the stock its 10th largest position. Palogic Value Management L.P.’s holdings in Exxon Mobil were worth $5,150,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $32,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter worth $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. BMO Capital Markets reduced their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Piper Sandler reduced their price target on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, May 13th. Finally, UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Trading Up 0.4%

Shares of Exxon Mobil stock opened at $103.48 on Wednesday. The stock has a market capitalization of $445.96 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $107.77 and a 200 day simple moving average of $110.08. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company posted $2.06 EPS. Research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

Exxon Mobil 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.