Norden Group LLC Sells 1,333 Shares of Exxon Mobil Corporation (NYSE:XOM)

by · The Markets Daily

Norden Group LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,632 shares of the oil and gas company’s stock after selling 1,333 shares during the quarter. Norden Group LLC’s holdings in Exxon Mobil were worth $4,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Werba Rubin Papier Wealth Management lifted its position in shares of Exxon Mobil by 2.2% during the first quarter. Werba Rubin Papier Wealth Management now owns 14,443 shares of the oil and gas company’s stock worth $1,718,000 after purchasing an additional 308 shares in the last quarter. Atlas Legacy Advisors LLC increased its holdings in shares of Exxon Mobil by 7.4% in the first quarter. Atlas Legacy Advisors LLC now owns 4,271 shares of the oil and gas company’s stock valued at $508,000 after purchasing an additional 295 shares in the last quarter. Abbot Financial Management Inc. raised its position in Exxon Mobil by 7.4% in the 1st quarter. Abbot Financial Management Inc. now owns 6,516 shares of the oil and gas company’s stock worth $775,000 after purchasing an additional 449 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in Exxon Mobil by 2.5% during the 1st quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 25,636 shares of the oil and gas company’s stock worth $3,049,000 after buying an additional 616 shares in the last quarter. Finally, Prosperity Consulting Group LLC lifted its holdings in Exxon Mobil by 11.8% during the 1st quarter. Prosperity Consulting Group LLC now owns 72,174 shares of the oil and gas company’s stock worth $8,584,000 after buying an additional 7,591 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XOM. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Morgan Stanley restated an “overweight” rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

View Our Latest Analysis on XOM

Exxon Mobil Stock Down 0.3%

Shares of Exxon Mobil stock opened at $110.42 on Monday. The company has a market capitalization of $475.87 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The business has a 50-day moving average of $108.75 and a two-hundred day moving average of $109.05. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 EPS. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.59%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

About Exxon Mobil

(Free Report)

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.

Further Reading

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