Vontobel Holding Ltd. Sells 5,522 Shares of Exxon Mobil Corporation (NYSE:XOM)

Vontobel Holding Ltd. lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,942 shares of the oil and gas company’s stock after selling 5,522 shares during the period. Vontobel Holding Ltd.’s holdings in Exxon Mobil were worth $27,942,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Astoria Portfolio Advisors LLC. increased its stake in Exxon Mobil by 1.8% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 10,592 shares of the oil and gas company’s stock worth $1,260,000 after acquiring an additional 185 shares during the period. Salomon & Ludwin LLC increased its stake in Exxon Mobil by 38.2% during the 1st quarter. Salomon & Ludwin LLC now owns 5,965 shares of the oil and gas company’s stock worth $709,000 after acquiring an additional 1,649 shares during the period. ABLE Financial Group LLC increased its stake in Exxon Mobil by 19.9% during the 1st quarter. ABLE Financial Group LLC now owns 3,584 shares of the oil and gas company’s stock worth $426,000 after acquiring an additional 595 shares during the period. Alta Advisers Ltd increased its stake in Exxon Mobil by 52.9% during the 1st quarter. Alta Advisers Ltd now owns 22,558 shares of the oil and gas company’s stock worth $2,683,000 after acquiring an additional 7,800 shares during the period. Finally, Hixon Zuercher LLC increased its stake in Exxon Mobil by 4.7% during the 1st quarter. Hixon Zuercher LLC now owns 55,599 shares of the oil and gas company’s stock worth $6,612,000 after acquiring an additional 2,493 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Exxon Mobil Stock Up 1.6%

Shares of XOM opened at $111.02 on Thursday. The company has a market capitalization of $478.46 billion, a PE ratio of 14.72, a PEG ratio of 2.12 and a beta of 0.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock’s 50-day moving average price is $107.17 and its two-hundred day moving average price is $108.45. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

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, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.57%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is presently 52.52%.

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.