Parthenon LLC Has $21.84 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Parthenon LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,913 shares of the oil and gas company’s stock after purchasing an additional 730 shares during the quarter. Exxon Mobil comprises approximately 2.8% of Parthenon LLC’s portfolio, making the stock its 7th biggest holding. Parthenon LLC’s holdings in Exxon Mobil were worth $21,843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. First Pacific Financial bought a new position in shares of Exxon Mobil in the first quarter valued at approximately $34,000. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $46,000. Vima LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $50,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth $88,000. Finally, Orion Capital Management LLC bought a new stake in Exxon Mobil during the third quarter valued at $91,000. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on XOM shares. TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Exxon Mobil Trading Down 1.2 %

Shares of NYSE:XOM traded down $1.39 during trading on Friday, reaching $113.37. 12,630,986 shares of the company traded hands, compared to its average volume of 15,680,571. The firm has a market capitalization of $447.02 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 4.15 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. 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 fifty day moving average is $114.65 and its 200-day moving average is $110.06.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $2.83 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 9.23 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

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.