CMG Global Holdings LLC Decreases Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

CMG Global Holdings LLC reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 19.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,133 shares of the oil and gas company's stock after selling 4,285 shares during the period. Exxon Mobil comprises approximately 1.3% of CMG Global Holdings LLC's portfolio, making the stock its 21st biggest holding. CMG Global Holdings LLC's holdings in Exxon Mobil were worth $1,970,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Exxon Mobil during the 4th quarter valued at $6,936,737,000. GAMMA Investing LLC raised its stake in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $240,653,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.6%

XOM stock traded up $1.78 on Wednesday, reaching $111.02. 11,880,163 shares of the company traded hands, compared to its average volume of 15,735,467. The firm has a fifty day simple moving average of $107.10 and a 200-day simple moving average of $108.44. The company has a market cap of $478.46 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. 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 issued its quarterly 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 firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $2.06 earnings per share. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $125.40.

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.