Hennion & Walsh Asset Management Inc. Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Hennion & Walsh Asset Management Inc. lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 16.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,893 shares of the oil and gas company’s stock after selling 10,089 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Exxon Mobil were worth $6,053,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Level Financial Advisors increased its position in shares of Exxon Mobil by 1.5% during the 1st quarter. Level Financial Advisors now owns 11,610 shares of the oil and gas company’s stock valued at $1,381,000 after purchasing an additional 170 shares during the last quarter. First Financial Corp IN boosted its stake in Exxon Mobil by 1.7% in the 1st quarter. First Financial Corp IN now owns 18,626 shares of the oil and gas company’s stock worth $2,215,000 after purchasing an additional 316 shares during the period. CGN Advisors LLC boosted its stake in Exxon Mobil by 47.3% in the 1st quarter. CGN Advisors LLC now owns 5,144 shares of the oil and gas company’s stock worth $612,000 after purchasing an additional 1,652 shares during the period. Bridge Creek Capital Management LLC boosted its position in shares of Exxon Mobil by 0.6% during the 1st quarter. Bridge Creek Capital Management LLC now owns 35,463 shares of the oil and gas company’s stock valued at $4,218,000 after acquiring an additional 217 shares during the last quarter. Finally, Legacy Financial Group LLC boosted its position in shares of Exxon Mobil by 9.8% during the 1st quarter. Legacy Financial Group LLC now owns 4,126 shares of the oil and gas company’s stock valued at $491,000 after acquiring an additional 369 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on XOM. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Mizuho dropped their price objective 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. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $103.85 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a 50-day moving average of $106.37 and a 200-day moving average of $109.47. The company has a market capitalization of $447.56 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) 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 firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.81%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.