Enclave Advisors LLC Sells 6,089 Shares of Exxon Mobil Co. (NYSE:XOM)

Enclave Advisors LLC lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,214 shares of the oil and gas company's stock after selling 6,089 shares during the quarter. Exxon Mobil makes up about 2.2% of Enclave Advisors LLC's holdings, making the stock its 12th biggest holding. Enclave Advisors LLC's holdings in Exxon Mobil were worth $12,751,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in XOM. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $36,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM traded up $2.46 during midday trading on Friday, hitting $104.29. The company had a trading volume of 15,465,774 shares, compared to its average volume of 15,544,516. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $449.45 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.51. The firm has a fifty day simple moving average of $105.71 and a two-hundred day simple moving average of $109.29. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. The firm's revenue was up .1% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analysts Set New Price Targets

Several research analysts have recently commented on XOM shares. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Mizuho dropped 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 note on Tuesday, May 13th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.