Asio Capital LLC Sells 203 Shares of Exxon Mobil Co. (NYSE:XOM)

Asio Capital LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% in the first quarter, Holdings Channel reports. The institutional investor owned 30,830 shares of the oil and gas company’s stock after selling 203 shares during the period. Asio Capital LLC’s holdings in Exxon Mobil were worth $3,667,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $32,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil in the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $47,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. UBS Group decreased their target price 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. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Trading Up 2.1%

XOM opened at $112.06 on Monday. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market capitalization of $482.95 billion, a PE ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $105.51 and a two-hundred day moving average price of $108.66.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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