Exxon Mobil Corporation (NYSE:XOM) is Adams Natural Resources Fund Inc.’s Largest Position

Adams Natural Resources Fund Inc. decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.6% during the first quarter, HoldingsChannel reports. The firm owned 1,353,755 shares of the oil and gas company’s stock after selling 80,200 shares during the quarter. Exxon Mobil makes up about 20.4% of Adams Natural Resources Fund Inc.’s investment portfolio, making the stock its largest position. Adams Natural Resources Fund Inc.’s holdings in Exxon Mobil were worth $161,002,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. 10Elms LLP acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $32,000. Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. boosted its holdings in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Mizuho lowered their price target 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.10.

Exxon Mobil Stock Performance

XOM opened at $110.15 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a market cap of $474.71 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.10 and a beta of 0.49. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm’s fifty day simple moving average is $106.98 and its two-hundred day simple moving average is $108.52.

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, beating the consensus estimate 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 9.49% and a return on equity of 12.06%. The company’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation 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. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

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.