Investor s Fiduciary Advisor Network LLC Sells 8,344 Shares of Exxon Mobil Corporation (NYSE:XOM)

Investor s Fiduciary Advisor Network LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 56.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,445 shares of the oil and gas company's stock after selling 8,344 shares during the period. Investor s Fiduciary Advisor Network LLC's holdings in Exxon Mobil were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in XOM. Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Exxon Mobil by 14.5% in the 1st quarter. Financiere des Professionnels Fonds d investissement inc. now owns 71,470 shares of the oil and gas company's stock worth $8,500,000 after acquiring an additional 9,046 shares during the last quarter. Traveka Wealth LLC raised its holdings in shares of Exxon Mobil by 31.8% in the 1st quarter. Traveka Wealth LLC now owns 9,653 shares of the oil and gas company's stock worth $1,148,000 after acquiring an additional 2,329 shares during the last quarter. Pure Portfolios Holdings LLC raised its holdings in shares of Exxon Mobil by 28.2% in the 1st quarter. Pure Portfolios Holdings LLC now owns 3,657 shares of the oil and gas company's stock worth $435,000 after acquiring an additional 805 shares during the last quarter. Tradewinds LLC. raised its holdings in shares of Exxon Mobil by 2.0% in the 1st quarter. Tradewinds LLC. now owns 15,988 shares of the oil and gas company's stock worth $1,901,000 after acquiring an additional 312 shares during the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM traded up $0.52 on Thursday, hitting $114.32. The company's stock had a trading volume of 4,962,941 shares, compared to its average volume of 16,979,236. The company's 50 day simple moving average is $107.65 and its 200-day simple moving average is $108.66. The firm has a market cap of $492.67 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $2.06 EPS. The business's quarterly revenue was up .1% compared to the same quarter last year. Analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.46%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. 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 note on Friday, April 11th. Morgan Stanley decreased their price objective 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. Piper Sandler increased their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $125.55.

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.