Burney Co. Has $11.36 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Burney Co. lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,485 shares of the oil and gas company's stock after selling 4,512 shares during the quarter. Burney Co.'s holdings in Exxon Mobil were worth $11,356,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the first quarter valued at $29,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $32,000. Cloud Capital Management LLC acquired a new position in shares of Exxon Mobil during the first quarter valued at $45,000. Finally, Clarity Asset Management Inc. boosted its holdings 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 acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. 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 report on Monday, April 14th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Stock Down 0.3%

NYSE:XOM traded down $0.37 on Friday, hitting $110.42. 10,545,196 shares of the company's stock traded hands, compared to its average volume of 16,876,299. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a 50-day moving average price of $108.70 and a 200-day moving average price of $109.01. The company has a market cap of $475.87 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.04 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 EPS. Equities 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. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. Exxon Mobil's payout ratio is 52.52%.

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.