Exxon Mobil Co. (NYSE:XOM) Shares Sold by Byrne Asset Management LLC

Byrne Asset Management LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.5% in the first quarter, Holdings Channel.com reports. The fund owned 9,502 shares of the oil and gas company’s stock after selling 451 shares during the quarter. Byrne Asset Management LLC’s holdings in Exxon Mobil were worth $1,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $6,936,737,000. GAMMA Investing LLC increased its position in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after buying an additional 9,391,614 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after buying an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on XOM shares. Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Up 2.1%

XOM opened at $112.06 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The business has a 50-day moving average of $105.51 and a two-hundred day moving average of $108.72. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The business 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 12.92% and a net margin of 9.63%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. On average, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 15th. 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.