Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Heartwood Wealth Advisors LLC

Heartwood Wealth Advisors LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,558 shares of the oil and gas company’s stock after selling 635 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,137,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Montz Harcus Wealth Management LLC boosted its position in shares of Exxon Mobil by 0.8% in the first quarter. Montz Harcus Wealth Management LLC now owns 14,398 shares of the oil and gas company’s stock worth $1,712,000 after acquiring an additional 112 shares during the last quarter. Harrell Investment Partners LLC lifted its position in Exxon Mobil by 0.7% during the first quarter. Harrell Investment Partners LLC now owns 28,656 shares of the oil and gas company’s stock valued at $3,408,000 after buying an additional 189 shares in the last quarter. Centennial Wealth Advisory LLC lifted its position in Exxon Mobil by 10.7% during the first quarter. Centennial Wealth Advisory LLC now owns 6,847 shares of the oil and gas company’s stock valued at $815,000 after buying an additional 664 shares in the last quarter. Bigelow Investment Advisors LLC lifted its position in Exxon Mobil by 3.1% during the first quarter. Bigelow Investment Advisors LLC now owns 14,158 shares of the oil and gas company’s stock valued at $1,684,000 after buying an additional 431 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in Exxon Mobil by 4.8% during the first quarter. Johnson Investment Counsel Inc. now owns 229,059 shares of the oil and gas company’s stock valued at $27,242,000 after buying an additional 10,575 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.7%

Shares of NYSE:XOM opened at $113.20 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $106.32 and a 200 day simple moving average of $108.66. The firm has a market cap of $487.84 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.50%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XOM. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

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.