Investor s Fiduciary Advisor Network LLC Cuts Stock Position in Exxon Mobil Corporation (NYSE:XOM)

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

Several other hedge funds have also added to or reduced their stakes in XOM. Proficio Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 35.3% during the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock valued at $1,963,000 after buying an additional 4,760 shares during the period. Edgestream Partners L.P. purchased a new stake in Exxon Mobil during the fourth quarter valued at $863,000. Tortoise Investment Management LLC lifted its holdings in Exxon Mobil by 2.8% in the fourth quarter. Tortoise Investment Management LLC now owns 4,214 shares of the oil and gas company's stock valued at $453,000 after acquiring an additional 115 shares during the period. Claris Advisors LLC MO boosted its position in Exxon Mobil by 44.2% in the fourth quarter. Claris Advisors LLC MO now owns 6,384 shares of the oil and gas company's stock worth $687,000 after purchasing an additional 1,958 shares during the last quarter. Finally, Davis R M Inc. grew its stake in shares of Exxon Mobil by 4.9% during the 4th quarter. Davis R M Inc. now owns 421,722 shares of the oil and gas company's stock valued at $45,365,000 after purchasing an additional 19,607 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 0.4%

XOM traded up $0.47 on Friday, reaching $115.40. 11,637,868 shares of the company traded hands, compared to its average volume of 15,787,188. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The firm has a fifty day simple moving average of $107.83 and a two-hundred day simple moving average of $108.72. The company has a market cap of $497.33 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. 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 posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 EPS. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on XOM shares. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Scotiabank lifted their target price on Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research report on Friday. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.05.

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.