Zevin Asset Management LLC Has $387,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Zevin Asset Management LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,332 shares of the oil and gas company’s stock after selling 510 shares during the quarter. Zevin Asset Management LLC’s holdings in Exxon Mobil were worth $387,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Exxon Mobil by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after acquiring an additional 1,269,495 shares during the period. Norges Bank acquired a new stake in shares of Exxon Mobil during the 4th quarter worth $5,519,753,000. Capital International Investors grew its holdings in shares of Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after purchasing an additional 4,084,458 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after purchasing an additional 1,037,226 shares in the last quarter. Finally, Putnam Investments LLC grew its holdings in shares of Exxon Mobil by 16.7% during the 4th quarter. Putnam Investments LLC now owns 13,301,039 shares of the oil and gas company’s stock worth $1,329,838,000 after purchasing an additional 1,901,075 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. HSBC raised their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Truist Financial reiterated a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Wolfe Research started coverage on Exxon Mobil in a research report on Thursday. They issued an “outperform” rating and a $146.00 target price for the company. Finally, Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $134.94.

Exxon Mobil Stock Down 2.3 %

Exxon Mobil stock traded down $2.70 during trading on Friday, hitting $116.10. 16,048,724 shares of the company were exchanged, compared to its average volume of 17,730,885. The company has a market capitalization of $457.78 billion, a P/E ratio of 14.48, a PEG ratio of 4.46 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $114.17 and its 200 day moving average is $110.86. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the company earned $2.83 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 8.8 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.