Beaird Harris Wealth Management LLC Lowers Stake in Exxon Mobil Corporation $XOM

Key Points

• Beaird Harris Wealth Management LLC reduced its holdings in Exxon Mobil by 43.1%, leaving it with 17,696 shares valued at approximately $2.1 million.
• Exxon Mobil's recent earnings report showed an EPS of $1.64, beating expectations, with revenue of $81.51 billion for the quarter despite a 12.4% decline year-over-year.
• The company declared a quarterly dividend of $0.99 per share, set to be paid on September 10th, representing an annualized yield of 3.5%.

Beaird Harris Wealth Management LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,696 shares of the oil and gas company's stock after selling 13,382 shares during the period. Beaird Harris Wealth Management LLC's holdings in Exxon Mobil were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Axis Wealth Partners LLC increased its position in shares of Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after buying an additional 93 shares in the last quarter. Gagnon Securities LLC grew its holdings in shares of Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after acquiring an additional 95 shares in the last quarter. Ascent Capital Management LLC grew its holdings in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after acquiring an additional 96 shares in the last quarter. DDD Partners LLC lifted its stake in Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after purchasing an additional 96 shares during the last quarter. Finally, Waypoint Wealth Partners Inc. lifted its stake in Exxon Mobil by 2.1% in the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock valued at $556,000 after purchasing an additional 96 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $3.17 on Friday, hitting $109.23. 16,823,996 shares of the company traded hands, compared to its average volume of 14,092,043. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm's 50-day simple moving average is $110.46 and its 200 day simple moving average is $109.13. The company has a market cap of $465.66 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.10 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the firm earned $2.14 EPS. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

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.