Sulzberger Capital Advisors Inc. Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Sulzberger Capital Advisors Inc. trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 58.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,936 shares of the oil and gas company’s stock after selling 4,068 shares during the quarter. Sulzberger Capital Advisors Inc.’s holdings in Exxon Mobil were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 2.4%

XOM stock opened at $104.29 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $449.45 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.51. The business has a fifty day simple moving average of $105.42 and a 200-day simple moving average of $109.19. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.50.

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.