Exxon Mobil Corporation (NYSE:XOM) Stake Reduced by Builder Investment Group Inc. ADV

Builder Investment Group Inc. ADV cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 71,114 shares of the oil and gas company’s stock after selling 150 shares during the quarter. Exxon Mobil comprises 2.4% of Builder Investment Group Inc. ADV’s portfolio, making the stock its 9th biggest position. Builder Investment Group Inc. ADV’s holdings in Exxon Mobil were worth $8,458,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research firms recently commented on XOM. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Scotiabank dropped their price target on shares of 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. Finally, Morgan Stanley decreased their price objective 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Trading Down 0.7%

XOM stock opened at $113.20 on Thursday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The business’s 50-day moving average is $106.05 and its 200 day moving average is $108.69. 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 stock has a market cap of $487.84 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.28 and a beta of 0.49.

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

Exxon Mobil Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.50%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.