First Foundation Advisors Sells 11,181 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• First Foundation Advisors reduced its stake in Exxon Mobil Corporation by 17.1%, holding 54,362 shares after selling 11,181 shares, valued at approximately $6.47 million.
• Major institutional investors showed varied activity, with Banque Cantonale Vaudoise acquiring a new $10.12 million stake and Federated Hermes increasing its position by 68.3%.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, resulting in an annualized dividend of $3.96 and a yield of 3.55%.

First Foundation Advisors lessened its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 17.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,362 shares of the oil and gas company's stock after selling 11,181 shares during the period. First Foundation Advisors' holdings in Exxon Mobil were worth $6,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Axis Wealth Partners LLC raised its position in shares of Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after acquiring an additional 93 shares in the last quarter. WPWealth LLP grew its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after buying an additional 96 shares during the last quarter. Ascent Capital Management LLC grew its stake in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after buying an additional 96 shares during the last quarter. DDD Partners LLC grew its stake in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after buying an additional 96 shares during the last quarter. Finally, Clarity Asset Management Inc. grew its stake 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 buying an additional 100 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on XOM shares. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. UBS Group cut their target price 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. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Price Performance

Shares of XOM stock traded down $2.03 during trading hours on Friday, hitting $109.61. The stock had a trading volume of 19,510,286 shares, compared to its average volume of 16,809,029. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The stock's 50-day moving average price is $109.35 and its two-hundred day moving average price is $109.15. The stock has a market capitalization of $472.38 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 2.10 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.14 earnings per share. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio is 52.52%.

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.