Acorn Financial Advisory Services Inc. ADV Sells 5,872 Shares of Exxon Mobil Corporation (NYSE:XOM)

Acorn Financial Advisory Services Inc. ADV trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,665 shares of the oil and gas company's stock after selling 5,872 shares during the quarter. Acorn Financial Advisory Services Inc. ADV's holdings in Exxon Mobil were worth $1,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Clarity Asset Management Inc. boosted its stake in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Finally, Banque de Luxembourg S.A. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $51,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $0.47 during midday trading on Friday, reaching $115.40. 11,683,034 shares of the company's stock traded hands, compared to its average volume of 15,798,174. The company has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 2.21 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a 50 day moving average of $107.83 and a 200 day moving average of $108.72.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping 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 firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business posted $2.06 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XOM. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Piper Sandler boosted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Company 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.