Versant Capital Management Inc Sells 11,213 Shares of Exxon Mobil Co. (NYSE:XOM)

Versant Capital Management Inc has reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.8%, selling 11,213 shares during the first quarter. The firm now owns 70,244 shares, valued at approximately $8.35 million, making Exxon Mobil its 12th largest position. Other hedge funds have also adjusted their stakes in Exxon Mobil. The stock opened at $102.70, with a market cap of $442.59 billion and a dividend yield of 3.86%. Recent earnings showed a slight revenue increase year-over-year, and analysts have varied target price ratings for the stock.

Versant Capital Management Inc reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,244 shares of the oil and gas company's stock after selling 11,213 shares during the quarter. Exxon Mobil makes up about 1.4% of Versant Capital Management Inc's holdings, making the stock its 12th largest position. Versant Capital Management Inc's holdings in Exxon Mobil were worth $8,354,000 at the end of the most recent quarter.

BP Buyout Buzz Puts Spotlight on Transocean’s Comeback Potential

A number of other hedge funds have also bought and sold shares of the business. Tallon Kerry Patrick purchased a new stake in Exxon Mobil in the fourth quarter worth $789,000. Blue Trust Inc. increased its position in Exxon Mobil by 17.5% in the fourth quarter. Blue Trust Inc. now owns 143,807 shares of the oil and gas company's stock worth $16,857,000 after buying an additional 21,391 shares during the last quarter. Capital Asset Advisory Services LLC increased its position in Exxon Mobil by 3.7% in the fourth quarter. Capital Asset Advisory Services LLC now owns 61,159 shares of the oil and gas company's stock worth $6,597,000 after buying an additional 2,175 shares during the last quarter. Apexium Financial LP increased its position in Exxon Mobil by 19.1% in the fourth quarter. Apexium Financial LP now owns 11,482 shares of the oil and gas company's stock worth $1,235,000 after buying an additional 1,842 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Exxon Mobil in the fourth quarter worth $48,348,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $102.70 on Friday. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The business has a 50-day simple moving average of $107.24 and a 200 day simple moving average of $109.90. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $442.59 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 3.02 and a beta of 0.51.

Chevron’s Fundamentals Shine Through Market Turmoil

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.86%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analysts Forecast Growth

ExxonMobil: Production Offset Prices, Capital Return Safe in 2025

XOM has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Piper Sandler reiterated a "hold" rating on shares of Exxon Mobil in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Check Out Our Latest Research Report on Exxon Mobil

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.

Should You Invest $1,000 in Exxon Mobil Right Now?

Before you consider Exxon Mobil, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.

While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here