Symmetry Partners LLC Trims Stake in Exxon Mobil Corporation (NYSE:XOM)

Symmetry Partners LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,584 shares of the oil and gas company’s stock after selling 499 shares during the quarter. Symmetry Partners LLC’s holdings in Exxon Mobil were worth $1,972,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of XOM. Altus Wealth Group LLC lifted its stake in shares of Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after purchasing an additional 94 shares during the period. Harvest Fund Management Co. Ltd increased its holdings in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 94 shares in the last quarter. WPWealth LLP increased its holdings in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock valued at $990,000 after buying an additional 96 shares in the last quarter. Centurion Wealth Management LLC raised its position in shares of Exxon Mobil by 1.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company’s stock worth $944,000 after acquiring an additional 97 shares during the period. Finally, Transcendent Capital Group LLC boosted its stake in shares of Exxon Mobil by 2.0% during the 4th quarter. Transcendent Capital Group LLC now owns 5,132 shares of the oil and gas company’s stock worth $552,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on XOM. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Performance

XOM opened at $108.41 on Thursday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $467.21 billion, a PE ratio of 14.38, a PEG ratio of 2.17 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $106.92 and its 200 day moving average price is $108.54.

Exxon Mobil (NYSE:XOM) last released 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 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 9.49% and a return on equity of 12.06%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 yield of 3.65%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

Exxon Mobil 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.