Navellier & Associates Inc. Lowers Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Navellier & Associates Inc. reduced its stake in Exxon Mobil Corporation by 89.2% in Q1, owning 16,914 shares valued at $2,012,000 after selling 139,627 shares.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, yielding 3.59% annually, with a payout ratio of 52.52%.
• Analysts maintain a "Moderate Buy" consensus on Exxon Mobil, with a current target price of $125.42, reflecting mixed ratings across the analyst community.

Navellier & Associates Inc. lessened its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 89.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,914 shares of the oil and gas company's stock after selling 139,627 shares during the period. Navellier & Associates Inc.'s holdings in Exxon Mobil were worth $2,012,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. boosted its holdings 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 worth $47,000 after buying an additional 100 shares during the period. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, ten have given 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Stock Down 0.3%

Shares of Exxon Mobil stock traded down $0.37 during trading on Friday, reaching $110.42. 10,547,065 shares of the company traded hands, compared to its average volume of 14,495,533. 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 Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a 50 day moving average price of $108.75 and a 200-day moving average price of $109.02. The firm has a market capitalization of $475.87 billion, a PE ratio of 14.64, a P/E/G ratio of 2.08 and a beta of 0.50.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.