Monetary Management Group Inc. Decreases Position in Exxon Mobil Corporation $XOM

Monetary Management Group Inc. decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,991 shares of the oil and gas company’s stock after selling 245 shares during the quarter. Monetary Management Group Inc.’s holdings in Exxon Mobil were worth $1,307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Axis Wealth Partners LLC raised its stake in shares of Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after acquiring an additional 93 shares during the last quarter. Gagnon Securities LLC raised its stake in shares of Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after acquiring an additional 95 shares during the last quarter. Ascent Capital Management LLC raised its stake in shares of Exxon Mobil by 2.0% in the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after acquiring an additional 96 shares during the last quarter. DDD Partners LLC raised its stake in shares of Exxon Mobil by 1.4% in the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after acquiring an additional 96 shares during the last quarter. Finally, Waypoint Wealth Partners Inc. raised its stake in shares of Exxon Mobil by 2.1% in the first quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company’s stock valued at $556,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on XOM shares. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Piper Sandler boosted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, UBS Group boosted their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $125.00.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $108.9850 on Friday. The firm has a fifty day moving average of $110.26 and a two-hundred day moving average of $108.88. The stock has a market capitalization of $464.63 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 2.03 and a beta of 0.53. 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 quick ratio of 0.88 and a current ratio of 1.25.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s payout ratio is presently 56.25%.

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.