Evernest Financial Advisors LLC Decreases Stake in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Evernest Financial Advisors LLC reduced its stake in Exxon Mobil Corporation by 37.1% during the first quarter, owning 6,504 shares worth $774,000 after selling 3,829 shares.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, with an annualized yield of 3.7%, to be paid on September 10th.
• Analysts have mixed ratings on Exxon Mobil, with an average rating of "Hold" and an average target price of $125.26 per share.

Evernest Financial Advisors LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 37.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,504 shares of the oil and gas company's stock after selling 3,829 shares during the period. Evernest Financial Advisors LLC's holdings in Exxon Mobil were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XOM. GAMMA Investing LLC increased its position in shares of Exxon Mobil by 14,242.7% during the 1st 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 purchasing an additional 9,391,614 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Exxon Mobil during the fourth quarter valued at about $240,653,000. Massachusetts Financial Services Co. MA grew its position in Exxon Mobil by 8.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock valued at $2,409,106,000 after buying an additional 1,550,248 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Exxon Mobil by 68.3% during the first quarter. Federated Hermes Inc. now owns 3,406,119 shares of the oil and gas company's stock worth $405,090,000 after buying an additional 1,382,760 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $125.26.

Exxon Mobil Trading Down 0.6%

Shares of XOM opened at $106.56 on Thursday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market cap of $454.28 billion, a PE ratio of 15.14, a P/E/G ratio of 2.02 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $109.73 and its 200-day moving average price is $109.05.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the firm posted $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

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.

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