Randolph Co Inc Has $26.24 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Randolph Co Inc lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,655 shares of the oil and gas company’s stock after selling 3,728 shares during the period. Exxon Mobil comprises 3.1% of Randolph Co Inc’s investment portfolio, making the stock its 16th biggest holding. Randolph Co Inc’s holdings in Exxon Mobil were worth $26,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 10Elms LLP bought a new stake in Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 4th quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $32,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.1%

Shares of NYSE XOM opened at $112.06 on Friday. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market cap of $482.95 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The firm has a 50-day moving average of $105.51 and a 200 day moving average of $108.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) 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 9.63% and a return on equity of 12.92%. Exxon Mobil’s revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 annualized dividend and a yield of 3.53%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. UBS Group reduced their target price 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. Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Finally, Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company 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.