Atwood & Palmer Inc. Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Atwood & Palmer Inc. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 16,879 shares of the oil and gas company’s stock after selling 200 shares during the period. Atwood & Palmer Inc.’s holdings in Exxon Mobil were worth $2,007,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in XOM. Moseley Investment Management Inc. raised its holdings in Exxon Mobil by 7.9% in the 1st quarter. Moseley Investment Management Inc. now owns 6,449 shares of the oil and gas company’s stock valued at $767,000 after buying an additional 471 shares during the period. Petredis Investment Advisors LLC increased its position in shares of Exxon Mobil by 1,767.3% during the first quarter. Petredis Investment Advisors LLC now owns 61,022 shares of the oil and gas company’s stock valued at $7,257,000 after acquiring an additional 57,754 shares during the last quarter. Curated Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $367,000. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Exxon Mobil by 41.2% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 89,948 shares of the oil and gas company’s stock valued at $10,698,000 after acquiring an additional 26,243 shares during the period. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Exxon Mobil by 7.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 8,118 shares of the oil and gas company’s stock worth $966,000 after acquiring an additional 539 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Mizuho decreased their price target 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. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Trading Up 2.1%

Shares of NYSE:XOM opened at $107.21 on Wednesday. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company’s 50 day moving average is $105.04 and its two-hundred day moving average is $108.89. The company has a market cap of $462.04 billion, a PE ratio of 13.67, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued 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 dividend yield of 3.69%. Exxon Mobil’s payout ratio is currently 52.52%.

Exxon Mobil Company 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.