Exxon Mobil Corporation $XOM Shares Sold by GDS Wealth Management

Key Points

• GDS Wealth Management reduced its stake in Exxon Mobil by 5.4%, selling 2,821 shares and now holding 49,847 shares valued at approximately $5.93 million.
• Exxon Mobil Corporation reported $1.64 EPS for the last quarter, exceeding expectations, but its revenue saw a 12.4% decline year-over-year.
• The company declared a quarterly dividend of $0.99 per share, reflecting an annualized yield of 3.7% with a payout ratio of 56.25%.

GDS Wealth Management trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,847 shares of the oil and gas company's stock after selling 2,821 shares during the period. GDS Wealth Management's holdings in Exxon Mobil were worth $5,928,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter worth approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $32,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $107.3140 on Wednesday. The company's fifty day moving average is $110.29 and its two-hundred day moving average is $108.87. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market cap of $457.51 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the business earned $2.14 EPS. The company's revenue was down 12.4% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio is 56.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on XOM shares. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Wall Street Zen downgraded Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Hold" and an average target price of $125.84.

About Exxon Mobil

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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