Marion Wealth Management Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Marion Wealth Management decreased its position in Exxon Mobil Co. (NYSE:XOM) by 3.4% in the 1st quarter, HoldingsChannel reports. The firm owned 6,383 shares of the oil and gas company’s stock after selling 223 shares during the period. Marion Wealth Management’s holdings in Exxon Mobil were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Stolper Co increased its stake in shares of Exxon Mobil by 0.5% during the 1st quarter. Stolper Co now owns 24,034 shares of the oil and gas company’s stock valued at $2,858,000 after acquiring an additional 111 shares during the last quarter. Rooted Wealth Advisors Inc. increased its position in Exxon Mobil by 5.6% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 4,357 shares of the oil and gas company’s stock worth $518,000 after purchasing an additional 232 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in Exxon Mobil by 2.2% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 195,731 shares of the oil and gas company’s stock worth $23,278,000 after purchasing an additional 4,253 shares in the last quarter. Investors Research Corp boosted its holdings in Exxon Mobil by 33.1% in the 1st quarter. Investors Research Corp now owns 5,966 shares of the oil and gas company’s stock worth $710,000 after acquiring an additional 1,482 shares during the period. Finally, New Hampshire Trust boosted its holdings in Exxon Mobil by 2.1% in the 1st quarter. New Hampshire Trust now owns 59,011 shares of the oil and gas company’s stock worth $7,018,000 after acquiring an additional 1,237 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.6%

Shares of XOM stock opened at $102.08 on Friday. The stock has a 50-day simple moving average of $106.95 and a 200 day simple moving average of $109.78. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market capitalization of $439.93 billion, a P/E ratio of 13.02, a P/E/G ratio of 3.02 and a beta of 0.51. 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 announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating 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 quarter last year, the business posted $2.06 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.88%. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Morgan Stanley reduced 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. The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.