Fiduciary Alliance LLC Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Fiduciary Alliance LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 26.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,201 shares of the oil and gas company's stock after selling 11,998 shares during the period. Fiduciary Alliance LLC's holdings in Exxon Mobil were worth $4,068,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Tallon Kerry Patrick acquired a new position in Exxon Mobil during the 4th quarter worth approximately $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil in the 4th quarter worth $48,348,000. Allen Capital Group LLC grew its position in Exxon Mobil by 7.5% in the 4th quarter. Allen Capital Group LLC now owns 25,502 shares of the oil and gas company's stock valued at $2,743,000 after purchasing an additional 1,770 shares during the period. Field & Main Bank raised its holdings in Exxon Mobil by 0.4% during the fourth quarter. Field & Main Bank now owns 23,495 shares of the oil and gas company's stock worth $2,527,000 after buying an additional 95 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its holdings in Exxon Mobil by 8.0% during the fourth quarter. Orrstown Financial Services Inc. now owns 13,268 shares of the oil and gas company's stock worth $1,427,000 after buying an additional 980 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Down 0.1%

Shares of NYSE XOM traded down $0.07 on Thursday, reaching $102.23. 5,137,642 shares of the company's stock traded hands, compared to its average volume of 15,498,928. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market cap of $440.59 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The business's 50 day simple moving average is $106.06 and its two-hundred day simple moving average is $109.42. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 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.