Bfsg LLC Sells 1,754 Shares of Exxon Mobil Corporation (NYSE:XOM)

Bfsg LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,549 shares of the oil and gas company’s stock after selling 1,754 shares during the period. Exxon Mobil makes up 1.0% of Bfsg LLC’s investment portfolio, making the stock its 25th biggest holding. Bfsg LLC’s holdings in Exxon Mobil were worth $7,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $789,000. Union Bancaire Privee UBP SA acquired a new stake in Exxon Mobil in the 4th quarter valued at $48,348,000. SOA Wealth Advisors LLC. increased its stake in Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after purchasing an additional 1,595 shares in the last quarter. Campbell Wealth Management raised its holdings in Exxon Mobil by 7.6% during the fourth quarter. Campbell Wealth Management now owns 44,587 shares of the oil and gas company’s stock worth $4,796,000 after buying an additional 3,146 shares during the last quarter. Finally, Kanawha Capital Management LLC lifted its stake in shares of Exxon Mobil by 2.3% in the fourth quarter. Kanawha Capital Management LLC now owns 143,118 shares of the oil and gas company’s stock valued at $15,395,000 after buying an additional 3,276 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Exxon Mobil Stock Up 1.4%

XOM stock opened at $114.07 on Wednesday. The stock has a fifty day moving average of $105.91 and a 200-day moving average of $108.66. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market capitalization of $491.58 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.25 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $2.06 earnings per share. As a group, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

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.