Argus Investors Counsel Inc. cut its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 13.6% in the first quarter, HoldingsChannel reports. The firm owned 12,266 shares of the oil and gas company’s stock after selling 1,934 shares during the period. Exxon Mobil comprises about 1.1% of Argus Investors Counsel Inc.’s investment portfolio, making the stock its 29th largest holding. Argus Investors Counsel Inc.’s holdings in Exxon Mobil were worth $1,459,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter worth $6,936,737,000. GAMMA Investing LLC lifted its stake in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. 61.80% of the stock is owned by institutional investors.
Exxon Mobil Stock Up 2.1%
Shares of XOM stock opened at $112.06 on Friday. The stock’s 50-day simple moving average is $105.51 and its 200-day simple moving average is $108.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $482.95 billion, a PE ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given 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 is presently 52.52%.
Wall Street Analyst Weigh In
XOM has been the subject of a number of analyst reports. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley decreased their price objective on 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 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, Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.
Get Our Latest Stock Analysis on XOM
Exxon Mobil Company 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.
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