Exxon Mobil Corporation (NYSE:XOM) Shares Sold by LongView Wealth Management

LongView Wealth Management cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 20,207 shares of the oil and gas company’s stock after selling 712 shares during the period. LongView Wealth Management’s holdings in Exxon Mobil were worth $2,403,000 at the end of the most recent reporting period.

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

Exxon Mobil Stock Up 1.4%

Shares of Exxon Mobil stock opened at $114.81 on Friday. 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 company has a fifty day moving average price of $106.56 and a 200 day moving average price of $108.64. The stock has a market cap of $494.77 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.45%. Exxon Mobil’s payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank dropped their price objective 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. Finally, Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $125.50.

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.