Exxon Mobil Corporation (NYSE:XOM) Shares Sold by PBMares Wealth Management LLC

PBMares Wealth Management LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,352 shares of the oil and gas company’s stock after selling 173 shares during the period. Exxon Mobil comprises 2.3% of PBMares Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. PBMares Wealth Management LLC’s holdings in Exxon Mobil were worth $11,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Quantinno Capital Management LP raised its holdings in Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock valued at $61,332,000 after acquiring an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $55,000. Legacy Trust increased its position in shares of Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock valued at $1,054,000 after purchasing an additional 997 shares during the last quarter. Renasant Bank raised its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV lifted its position in shares of Exxon Mobil by 1.6% during the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock worth $1,532,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.1%

XOM stock opened at $108.41 on Thursday. The company has a market cap of $467.21 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 2.17 and a beta of 0.49. The company has a fifty day moving average price of $106.92 and a 200 day moving average price of $108.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. 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 prior year, the company earned $2.06 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current 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 given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Mizuho lowered their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank cut their target price on 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. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target 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.