Callahan Advisors LLC Cuts Position in Exxon Mobil Corporation (NYSE:XOM)

Callahan Advisors LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,810 shares of the oil and gas company's stock after selling 5,454 shares during the quarter. Exxon Mobil comprises about 1.7% of Callahan Advisors LLC's investment portfolio, making the stock its 17th largest position. Callahan Advisors LLC's holdings in Exxon Mobil were worth $17,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth $25,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $32,000. Cloud Capital Management LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at about $45,000. Clarity Asset Management Inc. grew its stake in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. acquired a new stake in Exxon Mobil in the 4th quarter valued at about $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XOM shares. UBS Group lowered their price objective 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. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho lowered their price objective 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, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.05.

Exxon Mobil Trading Up 0.4%

Exxon Mobil stock traded up $0.47 during trading on Friday, reaching $115.40. The company had a trading volume of 11,683,034 shares, compared to its average volume of 15,814,693. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock's 50 day moving average price is $108.01 and its two-hundred day moving average price is $108.79. The firm has a market capitalization of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.22 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. 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 previous year, the firm earned $2.06 earnings per share. Exxon Mobil's revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil's payout ratio is 52.52%.

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.