Exxon Mobil Co. (NYSE:XOM) Shares Sold by Northeast Investment Management

Northeast Investment Management trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,453 shares of the oil and gas company’s stock after selling 3,492 shares during the quarter. Northeast Investment Management’s holdings in Exxon Mobil were worth $21,818,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XOM. Quantinno Capital Management LP increased its stake in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after buying an additional 110,772 shares during the period. Accredited Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $55,000. Renasant Bank grew its holdings in Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after acquiring an additional 493 shares in the last quarter. Paradigm Capital Management LLC NV increased its position in shares of Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock valued at $1,532,000 after purchasing an additional 227 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. raised its holdings in shares of Exxon Mobil by 2,334.5% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company’s stock valued at $3,897,000 after purchasing an additional 34,738 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on XOM. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $107.21 on Wednesday. The business has a 50 day simple moving average of $105.04 and a 200-day simple moving average of $108.89. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $462.04 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.06 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.69%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil Company 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.