Kovack Advisors Inc. Lowers Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Kovack Advisors Inc. reduced its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 44.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,428 shares of the oil and gas company's stock after selling 33,127 shares during the period. Kovack Advisors Inc.'s holdings in Exxon Mobil were worth $4,927,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the 1st quarter valued at about $29,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Cloud Capital Management LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at about $45,000. Finally, Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% during 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. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.37 during trading on Friday, hitting $110.42. 10,547,065 shares of the company were exchanged, compared to its average volume of 14,495,533. The company has a market cap of $475.87 billion, a PE ratio of 14.64, a P/E/G ratio of 2.08 and a beta of 0.50. The stock has a 50 day moving average of $108.75 and a 200 day moving average of $109.02. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the firm earned $2.06 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 annualized dividend and a yield of 3.59%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.