Exxon Mobil Corporation (NYSE:XOM) is Cypress Point Wealth Management LLC's 9th Largest Position

Cypress Point Wealth Management LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,852 shares of the oil and gas company's stock after selling 3,791 shares during the quarter. Exxon Mobil accounts for approximately 1.9% of Cypress Point Wealth Management LLC's portfolio, making the stock its 9th largest holding. Cypress Point Wealth Management LLC's holdings in Exxon Mobil were worth $5,929,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in XOM. Tallon Kerry Patrick acquired a new stake in Exxon Mobil in the fourth quarter valued at $789,000. Union Bancaire Privee UBP SA purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $48,348,000. SOA Wealth Advisors LLC. lifted its stake in shares of Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after purchasing an additional 1,595 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $746,000. Finally, Opal Wealth Advisors LLC boosted its holdings in Exxon Mobil by 5.2% during the fourth quarter. Opal Wealth Advisors LLC now owns 9,841 shares of the oil and gas company's stock worth $1,059,000 after buying an additional 488 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Trading Up 1.4%

Shares of Exxon Mobil stock traded up $1.59 during mid-day trading on Tuesday, hitting $114.07. 19,424,295 shares of the stock were exchanged, compared to its average volume of 15,713,671. The stock has a market capitalization of $491.58 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.49. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $105.91 and a 200 day simple moving average of $108.66.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

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.