Exxon Mobil Co. (NYSE:XOM) Position Trimmed by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 87.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,634 shares of the oil and gas company’s stock after selling 408,468 shares during the period. Union Bancaire Privee UBP SA’s holdings in Exxon Mobil were worth $7,366,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XOM. Tallon Kerry Patrick bought a new position in shares of Exxon Mobil during the fourth quarter worth about $789,000. SOA Wealth Advisors LLC. grew its position in shares of Exxon Mobil by 29.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock worth $753,000 after acquiring an additional 1,595 shares during the last quarter. Summit Wealth & Retirement Planning Inc. grew its position in shares of Exxon Mobil by 7.9% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 6,797 shares of the oil and gas company’s stock worth $731,000 after acquiring an additional 500 shares during the last quarter. Rede Wealth LLC grew its position in shares of Exxon Mobil by 0.8% during the fourth quarter. Rede Wealth LLC now owns 20,820 shares of the oil and gas company’s stock worth $2,240,000 after acquiring an additional 168 shares during the last quarter. Finally, Stockman Wealth Management Inc. grew its position in shares of Exxon Mobil by 2.9% during the fourth quarter. Stockman Wealth Management Inc. now owns 97,310 shares of the oil and gas company’s stock worth $10,468,000 after acquiring an additional 2,742 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. 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. Scotiabank reduced their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. 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. Finally, Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Price Performance

XOM stock opened at $109.71 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a market capitalization of $472.81 billion, a PE ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49. The firm has a 50-day moving average of $105.28 and a two-hundred day moving average of $108.82.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during 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 business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend yield of 3.61%. Exxon Mobil’s dividend payout ratio is 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.