Exxon Mobil Co. (NYSE:XOM) Position Trimmed by EP Wealth Advisors LLC

EP Wealth Advisors LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 847,789 shares of the oil and gas company's stock after selling 15,018 shares during the quarter. Exxon Mobil makes up approximately 0.7% of EP Wealth Advisors LLC's holdings, making the stock its 28th biggest holding. EP Wealth Advisors LLC's holdings in Exxon Mobil were worth $91,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

NYSE XOM opened at $104.97 on Wednesday. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a fifty day simple moving average of $109.14 and a 200 day simple moving average of $111.44. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $454.01 billion, a P/E ratio of 13.39, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm'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 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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 issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.77%. Exxon Mobil's payout ratio is 50.51%.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. Scotiabank dropped 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. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Barclays decreased their target price on shares of Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $125.85.

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.

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