Exxon Mobil Corporation (NYSE:XOM) Holdings Decreased by 1834 Investment Advisors Co.

1834 Investment Advisors Co. trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 14.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,727 shares of the oil and gas company’s stock after selling 3,803 shares during the period. 1834 Investment Advisors Co.’s holdings in Exxon Mobil were worth $2,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the period. Northern Trust Corp grew its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $240,653,000. Massachusetts Financial Services Co. MA lifted its position in Exxon Mobil by 8.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company’s stock worth $2,409,106,000 after buying an additional 1,550,248 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Exxon Mobil by 68.3% during the 1st quarter. Federated Hermes Inc. now owns 3,406,119 shares of the oil and gas company’s stock valued at $405,090,000 after buying an additional 1,382,760 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on XOM shares. Piper Sandler upped their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $125.26.

Exxon Mobil Stock Down 0.6%

XOM stock opened at $106.56 on Thursday. The stock has a market capitalization of $454.28 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. The company has a 50-day moving average of $109.73 and a two-hundred day moving average of $109.05. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.14 EPS. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil’s payout ratio is 56.25%.

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.