Mather Group LLC. Sells 115 Shares of Exxon Mobil Corporation (NYSE:XOM)

Mather Group LLC. reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 93,859 shares of the oil and gas company’s stock after selling 115 shares during the period. Mather Group LLC.’s holdings in Exxon Mobil were worth $11,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Tallon Kerry Patrick bought a new stake in Exxon Mobil in the 4th quarter valued at about $789,000. SOA Wealth Advisors LLC. raised its stake in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after acquiring an additional 1,595 shares during the period. Proficio Capital Partners LLC raised its stake in Exxon Mobil by 13,899.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after acquiring an additional 1,875,320 shares during the period. Garrett Wealth Advisory Group LLC raised its stake in Exxon Mobil by 4.1% in the 4th quarter. Garrett Wealth Advisory Group LLC now owns 41,562 shares of the oil and gas company’s stock valued at $4,471,000 after acquiring an additional 1,629 shares during the period. Finally, Lanham O Dell & Company Inc. bought a new stake in Exxon Mobil in the 4th quarter valued at about $227,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 1.6%

Exxon Mobil stock opened at $111.02 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The business’s 50-day moving average price is $107.17 and its 200 day moving average price is $108.45. The firm has a market cap of $478.46 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50.

Exxon Mobil (NYSE:XOM) last released 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 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the business posted $2.06 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given 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 yield of 3.57%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Morgan Stanley cut their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Finally, TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.40.

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.