Dopkins Wealth Management LLC Sells 2,710 Shares of Exxon Mobil Corporation (NYSE:XOM)

Dopkins Wealth Management LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,275 shares of the oil and gas company's stock after selling 2,710 shares during the quarter. Dopkins Wealth Management LLC's holdings in Exxon Mobil were worth $1,103,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of XOM. 10Elms LLP acquired a new position in Exxon Mobil during the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $32,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. lifted its position in shares of 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 worth $47,000 after purchasing an additional 100 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM traded down $3.29 on Tuesday, reaching $108.45. 24,417,611 shares of the company's stock traded hands, compared to its average volume of 15,723,439. The stock's 50 day simple moving average is $106.73 and its two-hundred day simple moving average is $108.54. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market cap of $467.39 billion, a PE ratio of 14.38, a PEG ratio of 2.29 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's payout ratio is 52.52%.

Analyst Ratings Changes

A number of brokerages have commented on XOM. Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. UBS Group cut their target price 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. Finally, 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 note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

About Exxon Mobil

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.