AGP Franklin LLC Sells 21,217 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• AGP Franklin LLC significantly reduced its stake in Exxon Mobil by 89.5% during the first quarter, leaving the firm with just 2,500 shares valued at approximately $297,000.
• Exxon Mobil's stock has a current consensus rating of "Moderate Buy" with a target price of $125.42, despite varied evaluations from multiple analysts.
• The company recently announced a quarterly dividend of $0.99, yielding 3.59% annually, which reflects an increase in shareholder returns.

AGP Franklin LLC cut its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 89.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,500 shares of the oil and gas company's stock after selling 21,217 shares during the quarter. AGP Franklin LLC's holdings in Exxon Mobil were worth $297,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of XOM. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the first quarter valued at about $29,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the first quarter valued at about $45,000. Finally, Clarity Asset Management Inc. lifted its position in shares of Exxon Mobil by 29.7% during the fourth 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. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.0%

XOM stock traded up $0.05 during trading on Thursday, hitting $111.95. 7,568,533 shares of the stock traded hands, compared to its average volume of 16,742,629. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm's 50 day moving average is $109.17 and its two-hundred day moving average is $109.13. The stock has a market cap of $482.45 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. 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 (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 EPS. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group reduced their price objective 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. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.42.

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.