Quintet Private Bank Europe S.A. Has $4.31 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Quintet Private Bank Europe S.A. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 36,232 shares of the oil and gas company’s stock after selling 1,731 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Exxon Mobil were worth $4,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Norges Bank bought a new position in Exxon Mobil in the 4th quarter valued at about $6,936,737,000. GAMMA Investing LLC grew its holdings in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. grew its holdings in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4%

Shares of Exxon Mobil stock opened at $109.71 on Friday. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market cap of $472.81 billion, a price-to-earnings ratio of 13.99, a PEG 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. The company’s 50-day moving average price is $105.28 and its 200-day moving average price is $108.82.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 business had revenue of $83.13 billion for 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%. Exxon Mobil’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $2.06 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. 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 report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.