Exxon Mobil Co. (NYSE:XOM) is McElhenny Sheffield Capital Management LLC's 6th Largest Position

McElhenny Sheffield Capital Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,836 shares of the oil and gas company's stock after selling 2,438 shares during the quarter. Exxon Mobil comprises 3.0% of McElhenny Sheffield Capital Management LLC's holdings, making the stock its 6th largest holding. McElhenny Sheffield Capital Management LLC's holdings in Exxon Mobil were worth $7,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in Exxon Mobil by 3.6% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 161,230 shares of the oil and gas company's stock worth $19,175,000 after acquiring an additional 5,605 shares in the last quarter. Spectrum Asset Management Inc. NB CA increased its holdings in shares of Exxon Mobil by 25.6% during the first quarter. Spectrum Asset Management Inc. NB CA now owns 38,096 shares of the oil and gas company's stock valued at $4,531,000 after acquiring an additional 7,763 shares in the last quarter. Sterling Financial Group Inc. raised its position in shares of Exxon Mobil by 5.8% in the 1st quarter. Sterling Financial Group Inc. now owns 3,640 shares of the oil and gas company's stock valued at $433,000 after purchasing an additional 201 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of Exxon Mobil by 4.4% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 216,031 shares of the oil and gas company's stock valued at $25,693,000 after purchasing an additional 9,065 shares during the last quarter. Finally, Defined Financial Planning LLC grew its position in Exxon Mobil by 7.6% during the 1st quarter. Defined Financial Planning LLC now owns 2,706 shares of the oil and gas company's stock worth $322,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $2.33 during trading on Friday, reaching $112.06. The company had a trading volume of 28,512,903 shares, compared to its average volume of 15,687,104. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm's 50-day simple moving average is $105.28 and its 200 day simple moving average is $108.82. The firm has a market capitalization of $482.95 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed 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 yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Company 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.