Fragasso Financial Advisors Inc Sells 18,651 Shares of Exxon Mobil Co. (NYSE:XOM)

Fragasso Financial Advisors Inc lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 28.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,719 shares of the oil and gas company's stock after selling 18,651 shares during the period. Exxon Mobil makes up 0.4% of Fragasso Financial Advisors Inc's portfolio, making the stock its 28th biggest position. Fragasso Financial Advisors Inc's holdings in Exxon Mobil were worth $5,556,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the fourth quarter worth $47,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM traded down $1.47 during mid-day trading on Wednesday, hitting $102.33. 15,218,113 shares of the company's stock were exchanged, compared to its average volume of 15,553,814. 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 firm has a market cap of $441.01 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The stock's 50-day simple moving average is $106.37 and its 200-day simple moving average is $109.47. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the company posted $2.06 EPS. The company's revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

A number of research firms recently weighed in on XOM. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, UBS Group dropped their price objective 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.