Exxon Mobil Co. (NYSE:XOM) Shares Sold by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,770 shares of the oil and gas company’s stock after selling 99 shares during the quarter. Patrick M Sweeney & Associates Inc.’s holdings in Exxon Mobil were worth $805,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Beacon Capital Management LLC grew its position in Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after purchasing an additional 93 shares during the last quarter. Altus Wealth Group LLC grew its position in Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 94 shares during the last quarter. WPWealth LLP grew its position in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock worth $990,000 after purchasing an additional 96 shares during the last quarter. Finally, Financial Management Network Inc. grew its position in Exxon Mobil by 1.2% in the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company’s stock worth $910,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.7%

XOM stock opened at $104.97 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $452.36 billion, a PE ratio of 13.39, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a 50 day simple moving average of $105.14 and a 200 day simple moving average of $108.90.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.77%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Mizuho reduced their price target 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. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One equities research 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 stock. Based on data from MarketBeat, the stock has a consensus 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.