L. Roy Papp & Associates LLP Sells 985 Shares of Exxon Mobil Co. (NYSE:XOM)

L. Roy Papp & Associates LLP lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 95,501 shares of the oil and gas company’s stock after selling 985 shares during the quarter. Exxon Mobil accounts for 1.4% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 22nd biggest position. L. Roy Papp & Associates LLP’s holdings in Exxon Mobil were worth $11,358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 10Elms LLP bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $36,000. Finally, Compass Planning Associates Inc bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.4%

NYSE XOM opened at $102.33 on Thursday. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $441.01 billion, a P/E ratio of 13.05, a P/E/G ratio of 3.02 and a beta of 0.51. The stock’s fifty day moving average price is $106.06 and its 200-day moving average price is $109.42. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given 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 3.87%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Mizuho decreased 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. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

About Exxon Mobil

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.