Exxon Mobil Co. (NYSE:XOM) Shares Sold by LRI Investments LLC

by · The Cerbat Gem

LRI Investments LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,745 shares of the oil and gas company’s stock after selling 2,025 shares during the quarter. LRI Investments LLC’s holdings in Exxon Mobil were worth $4,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. West Oak Capital LLC grew its holdings in Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 92 shares during the period. Beacon Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.1% in the 4th 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. Cadent Capital Advisors LLC grew its stake in shares of Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock valued at $4,020,000 after buying an additional 94 shares during the period. Lincoln Capital LLC grew its stake in shares of Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after buying an additional 94 shares during the period. Finally, Altus Wealth Group LLC increased its holdings in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XOM shares. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada decreased their target price on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating for the company in a report on Monday, May 5th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.85.

View Our Latest Research Report on Exxon Mobil

Exxon Mobil Price Performance

XOM stock opened at $107.38 on Monday. The stock’s 50 day moving average is $108.97 and its two-hundred day moving average is $111.09. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market capitalization of $464.45 billion, a PE ratio of 13.70, a P/E/G ratio of 3.02 and a beta of 0.51. 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 – Get Free Report) last issued its quarterly 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. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.69%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil Profile

(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.

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