Walker Asset Management LLC Sells 216 Shares of Exxon Mobil Co. (NYSE:XOM)

Walker Asset Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,804 shares of the oil and gas company’s stock after selling 216 shares during the period. Exxon Mobil accounts for 1.1% of Walker Asset Management LLC’s holdings, making the stock its 14th biggest holding. Walker Asset Management LLC’s holdings in Exxon Mobil were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Exxon Mobil by 41.2% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 89,948 shares of the oil and gas company’s stock valued at $10,698,000 after buying an additional 26,243 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Exxon Mobil by 7.1% during the first quarter. SJS Investment Consulting Inc. now owns 8,118 shares of the oil and gas company’s stock valued at $966,000 after buying an additional 539 shares during the last quarter. Ameliora Wealth Management Ltd. grew its holdings in shares of Exxon Mobil by 4.1% during the first quarter. Ameliora Wealth Management Ltd. now owns 5,409 shares of the oil and gas company’s stock valued at $643,000 after buying an additional 214 shares during the last quarter. Accurate Wealth Management LLC grew its holdings in shares of Exxon Mobil by 2.2% during the first quarter. Accurate Wealth Management LLC now owns 67,023 shares of the oil and gas company’s stock valued at $7,971,000 after buying an additional 1,411 shares during the last quarter. Finally, Fiduciary Financial Group LLC grew its holdings in shares of Exxon Mobil by 8.9% during the first quarter. Fiduciary Financial Group LLC now owns 7,406 shares of the oil and gas company’s stock valued at $881,000 after buying an additional 606 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on XOM shares. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. UBS Group reduced their price objective 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. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $107.21 on Wednesday. The firm has a market cap of $462.04 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The firm’s 50-day simple moving average is $105.04 and its two-hundred day simple moving average is $108.89.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.69%. The ex-dividend date was Thursday, May 15th. 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.