Exxon Mobil Co. (NYSE:XOM) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 29.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,775 shares of the oil and gas company's stock after selling 9,492 shares during the quarter. Advisory Alpha LLC's holdings in Exxon Mobil were worth $2,709,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Legacy Financial Strategies LLC purchased a new stake in shares of Exxon Mobil during the first quarter valued at about $228,000. St. Louis Financial Planners Asset Management LLC purchased a new stake in shares of Exxon Mobil during the first quarter valued at about $2,846,000. Rothschild Investment LLC lifted its position in shares of Exxon Mobil by 0.9% during the first quarter. Rothschild Investment LLC now owns 144,582 shares of the oil and gas company's stock valued at $17,195,000 after buying an additional 1,272 shares during the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Exxon Mobil during the first quarter valued at about $394,000. Finally, S.E.E.D. Planning Group LLC lifted its position in shares of Exxon Mobil by 8.2% during the first quarter. S.E.E.D. Planning Group LLC now owns 63,784 shares of the oil and gas company's stock valued at $7,586,000 after buying an additional 4,826 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

NYSE:XOM traded down $0.61 during midday trading on Friday, hitting $102.08. The company's stock had a trading volume of 28,636,718 shares, compared to its average volume of 15,548,490. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm's 50 day moving average is $106.95 and its 200-day moving average is $109.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $439.93 billion, a P/E ratio of 13.02, a P/E/G ratio of 3.02 and a beta of 0.51.

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 for the quarter, topping 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 company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.88%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.