Exxon Mobil Co. (NYSE:XOM) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,880 shares of the oil and gas company’s stock after selling 314 shares during the period. Burns J W & Co. Inc. NY’s holdings in Exxon Mobil were worth $4,505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Financial Strategies LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $228,000. St. Louis Financial Planners Asset Management LLC purchased a new stake in Exxon Mobil in the first quarter valued at approximately $2,846,000. Rothschild Investment LLC lifted its stake in Exxon Mobil by 0.9% during the 1st quarter. Rothschild Investment LLC now owns 144,582 shares of the oil and gas company’s stock worth $17,195,000 after acquiring an additional 1,272 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Exxon Mobil in the first quarter valued at approximately $394,000. Finally, S.E.E.D. Planning Group LLC boosted its position in Exxon Mobil by 8.2% in the 1st quarter. S.E.E.D. Planning Group LLC now owns 63,784 shares of the oil and gas company’s stock valued at $7,586,000 after buying an additional 4,826 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XOM. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. UBS Group decreased 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 note on Monday, April 14th. Finally, The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Stock Performance

NYSE:XOM opened at $102.08 on Friday. 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 firm has a 50-day moving average price of $106.95 and a two-hundred day moving average price of $109.78. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market capitalization of $439.93 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.88%. Exxon Mobil’s dividend payout ratio is currently 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.