Concord Asset Management LLC VA Sells 10,003 Shares of Exxon Mobil Corporation (NYSE:XOM)

Concord Asset Management LLC VA lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,680 shares of the oil and gas company's stock after selling 10,003 shares during the period. Exxon Mobil makes up about 0.8% of Concord Asset Management LLC VA's holdings, making the stock its 28th biggest position. Concord Asset Management LLC VA's holdings in Exxon Mobil were worth $3,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter valued at $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil in the 1st quarter worth $45,000. Finally, Clarity Asset Management Inc. increased its position 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 valued at $47,000 after acquiring an additional 100 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.50 during midday trading on Thursday, hitting $111.73. The stock had a trading volume of 13,149,953 shares, compared to its average volume of 15,784,483. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market capitalization of $481.51 billion, a PE ratio of 14.82, a P/E/G ratio of 2.09 and a beta of 0.50. The firm's fifty day moving average is $108.54 and its two-hundred day moving average is $108.91. 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 (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 analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the company earned $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. 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 dividend payout ratio (DPR) is 52.52%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. Mizuho reduced their price objective 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. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. UBS Group lowered 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 research report on Friday, July 11th. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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.