OLIO Financial Planning Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

OLIO Financial Planning decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 19.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,949 shares of the oil and gas company’s stock after selling 732 shares during the period. OLIO Financial Planning’s holdings in Exxon Mobil were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Tallon Kerry Patrick acquired a new position in Exxon Mobil during the 4th quarter worth $789,000. Union Bancaire Privee UBP SA acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $48,348,000. Financial Strategies Group Inc. boosted its holdings in shares of Exxon Mobil by 5.9% in the 4th quarter. Financial Strategies Group Inc. now owns 53,434 shares of the oil and gas company’s stock valued at $5,693,000 after buying an additional 2,976 shares during the period. Jennison Associates LLC lifted its position in Exxon Mobil by 1.7% in the 4th quarter. Jennison Associates LLC now owns 1,543,658 shares of the oil and gas company’s stock valued at $166,051,000 after purchasing an additional 26,517 shares during the last quarter. Finally, Wealthspan Partners LLC lifted its position in Exxon Mobil by 2.3% in the 4th quarter. Wealthspan Partners LLC now owns 4,949 shares of the oil and gas company’s stock valued at $532,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $104.29 on Friday. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $105.42 and a 200 day simple moving average of $109.19. The stock has a market capitalization of $449.45 billion, a PE ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.50.

About Exxon Mobil

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.