Exxon Mobil Co. (NYSE:XOM) Position Lessened by Griffin Asset Management Inc.

Griffin Asset Management Inc. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,362 shares of the oil and gas company’s stock after selling 656 shares during the quarter. Griffin Asset Management Inc.’s holdings in Exxon Mobil were worth $8,760,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its stake in Exxon Mobil by 4.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 39,716 shares of the oil and gas company’s stock valued at $4,617,000 after buying an additional 1,778 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in Exxon Mobil by 2.5% during the 1st quarter. Toth Financial Advisory Corp now owns 7,206 shares of the oil and gas company’s stock valued at $838,000 after purchasing an additional 175 shares during the period. Opinicus Capital Inc. grew its holdings in Exxon Mobil by 46.3% in the 1st quarter. Opinicus Capital Inc. now owns 6,780 shares of the oil and gas company’s stock valued at $788,000 after buying an additional 2,146 shares during the last quarter. Viewpoint Capital Management LLC grew its stake in shares of Exxon Mobil by 4.1% in the first quarter. Viewpoint Capital Management LLC now owns 13,476 shares of the oil and gas company’s stock worth $1,566,000 after acquiring an additional 527 shares during the last quarter. Finally, Independence Bank of Kentucky increased its position in Exxon Mobil by 11.6% during the first quarter. Independence Bank of Kentucky now owns 29,043 shares of the oil and gas company’s stock worth $3,376,000 after acquiring an additional 3,023 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.2 %

XOM opened at $115.12 on Monday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a market capitalization of $453.92 billion, a PE ratio of 14.11, a PEG ratio of 4.14 and a beta of 0.92. 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 firm has a 50-day moving average price of $115.25 and a two-hundred day moving average price of $109.72.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share 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 company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the business earned $2.83 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, 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 can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XOM shares. Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. HSBC boosted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

About Exxon Mobil

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.