Patten & Patten Inc. TN Sells 787 Shares of Exxon Mobil Corporation (NYSE:XOM)

Patten & Patten Inc. TN decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,318 shares of the oil and gas company’s stock after selling 787 shares during the period. Exxon Mobil accounts for 1.1% of Patten & Patten Inc. TN’s holdings, making the stock its 25th biggest position. Patten & Patten Inc. TN’s holdings in Exxon Mobil were worth $15,974,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP raised its stake in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after acquiring an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $55,000. Journey Strategic Wealth LLC increased its holdings in shares of Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock valued at $2,608,000 after purchasing an additional 1,379 shares during the period. Legacy Trust raised its stake in shares of Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after purchasing an additional 997 shares during the last quarter. Finally, Hartford Funds Management Co LLC lifted its holdings in shares of Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after purchasing an additional 2,617 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.9%

Shares of NYSE XOM opened at $111.43 on Tuesday. The firm has a market cap of $480.22 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The company’s 50-day simple moving average is $108.85 and its 200-day simple moving average is $109.08. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation 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 data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XOM shares. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

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.