Exxon Mobil Co. (NYSE:XOM) Position Cut by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,587 shares of the oil and gas company’s stock after selling 1,010 shares during the quarter. Exxon Mobil comprises 2.8% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 5th biggest holding. Ipswich Investment Management Co. Inc.’s holdings in Exxon Mobil were worth $11,368,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Beacon Capital Management LLC boosted its holdings in Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock valued at $923,000 after purchasing an additional 93 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 94 shares during the last quarter. WPWealth LLP boosted its holdings in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock valued at $990,000 after purchasing an additional 96 shares during the last quarter. Finally, Financial Management Network Inc. boosted its holdings in Exxon Mobil by 1.2% in the fourth quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company’s stock valued at $910,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $112.06 on Friday. The stock has a fifty day moving average of $105.51 and a 200-day moving average of $108.78. The firm has a market capitalization of $482.95 billion, a P/E ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 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 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 during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued 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 dividend yield of 3.53%. Exxon Mobil’s dividend payout ratio is 52.52%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.50.

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.