Alps Advisors Inc. Reduces Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Alps Advisors Inc. lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 223,323 shares of the oil and gas company's stock after selling 6,096 shares during the quarter. Alps Advisors Inc.'s holdings in Exxon Mobil were worth $26,560,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $25,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $32,000. Cloud Capital Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth about $45,000. Clarity Asset Management Inc. boosted its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $115.40 on Friday. The business has a 50 day simple moving average of $108.01 and a two-hundred day simple moving average of $108.78. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a PEG ratio of 2.21 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 posted its quarterly earnings results 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. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the firm earned $2.06 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. 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 dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XOM. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus 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.

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