Exxon Mobil Corporation (NYSE:XOM) Shares Sold by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,339 shares of the oil and gas company's stock after selling 4,489 shares during the quarter. San Luis Wealth Advisors LLC's holdings in Exxon Mobil were worth $2,895,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. 10Elms LLP acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter worth about $32,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.4%

NYSE XOM opened at $114.07 on Wednesday. The stock has a market cap of $491.58 billion, a P/E ratio of 15.13, a PEG ratio of 2.25 and a beta of 0.49. The company's fifty day simple moving average is $105.91 and its 200-day simple moving average is $108.66. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

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 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. 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 report on Monday, April 14th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $125.50.

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.

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