Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Dakota Wealth Management

Dakota Wealth Management lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,582 shares of the oil and gas company's stock after selling 7,498 shares during the quarter. Dakota Wealth Management's holdings in Exxon Mobil were worth $26,710,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of XOM. Proficio Capital Partners LLC raised its position in shares of Exxon Mobil by 35.3% in the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after acquiring an additional 4,760 shares in the last quarter. Cozad Asset Management Inc. increased its position in Exxon Mobil by 1.5% during the 4th quarter. Cozad Asset Management Inc. now owns 14,525 shares of the oil and gas company's stock valued at $1,562,000 after buying an additional 211 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in Exxon Mobil by 1.2% during the 4th quarter. Tocqueville Asset Management L.P. now owns 173,470 shares of the oil and gas company's stock valued at $18,660,000 after buying an additional 2,103 shares in the last quarter. Argent Advisors Inc. increased its position in Exxon Mobil by 0.7% during the 4th quarter. Argent Advisors Inc. now owns 77,963 shares of the oil and gas company's stock valued at $8,386,000 after buying an additional 507 shares in the last quarter. Finally, BlackDiamond Wealth Management LLC increased its position in Exxon Mobil by 9.1% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 3,558 shares of the oil and gas company's stock valued at $383,000 after buying an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Price Performance

XOM stock traded down $0.41 during mid-day trading on Thursday, reaching $111.82. 6,298,747 shares of the company's stock were exchanged, compared to its average volume of 15,751,083. The company has a market cap of $481.91 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 2.15 and a beta of 0.50. The stock's 50 day moving average is $108.54 and its 200 day moving average is $108.91. 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 Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for 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%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.06 earnings per share. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil's payout ratio is currently 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.