Exxon Mobil Co. (NYSE:XOM) is Ipswich Investment Management Co. Inc.’s 5th Largest Position

Ipswich Investment Management Co. Inc. trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,587 shares of the oil and gas company’s stock after selling 1,010 shares during the period. Exxon Mobil comprises approximately 2.8% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 5th biggest holding. Ipswich Investment Management Co. Inc.’s holdings in Exxon Mobil were worth $11,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kelly Financial Group LLC raised its holdings in Exxon Mobil by 89.3% during the first quarter. Kelly Financial Group LLC now owns 3,964 shares of the oil and gas company’s stock valued at $471,000 after buying an additional 1,870 shares in the last quarter. RTD Financial Advisors Inc. raised its holdings in Exxon Mobil by 173.5% during the first quarter. RTD Financial Advisors Inc. now owns 21,079 shares of the oil and gas company’s stock valued at $2,507,000 after buying an additional 13,373 shares in the last quarter. CVA Family Office LLC raised its holdings in Exxon Mobil by 6.2% during the first quarter. CVA Family Office LLC now owns 15,718 shares of the oil and gas company’s stock valued at $1,869,000 after buying an additional 918 shares in the last quarter. Powers Advisory Group LLC raised its holdings in Exxon Mobil by 2.4% during the first quarter. Powers Advisory Group LLC now owns 9,509 shares of the oil and gas company’s stock valued at $1,131,000 after buying an additional 225 shares in the last quarter. Finally, Krilogy Financial LLC raised its holdings in Exxon Mobil by 12.7% during the first quarter. Krilogy Financial LLC now owns 22,345 shares of the oil and gas company’s stock valued at $2,657,000 after buying an additional 2,515 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 2.1%

XOM stock opened at $112.06 on Friday. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market cap of $482.95 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The business’s 50-day simple moving average is $105.51 and its 200 day simple moving average is $108.78. 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 for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the business earned $2.06 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analyst Ratings Changes

Several research firms have weighed in on XOM. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.