Choreo LLC Reduces Stake in Exxon Mobil Corporation (NYSE:XOM)

Choreo LLC lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,697 shares of the oil and gas company’s stock after selling 1,726 shares during the period. Choreo LLC’s holdings in Exxon Mobil were worth $19,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. lifted its holdings in 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 purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.1%

Exxon Mobil stock traded up $0.16 during midday trading on Tuesday, reaching $108.21. 2,029,744 shares of the stock traded hands, compared to its average volume of 15,811,902. The company has a 50-day simple moving average of $108.66 and a two-hundred day simple moving average of $108.98. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market cap of $466.34 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted 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 for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Piper Sandler upped their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Finally, Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $125.42.

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.