Fort Sheridan Advisors LLC Reduces Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Fort Sheridan Advisors LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,477 shares of the oil and gas company's stock after selling 2,347 shares during the quarter. Fort Sheridan Advisors LLC's holdings in Exxon Mobil were worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Stillwater Wealth Management Group increased its position in shares of Exxon Mobil by 7.8% during the first quarter. Stillwater Wealth Management Group now owns 28,339 shares of the oil and gas company's stock worth $3,370,000 after acquiring an additional 2,040 shares during the period. Rational Advisors Inc. increased its position in shares of Exxon Mobil by 7.8% during the first quarter. Rational Advisors Inc. now owns 9,049 shares of the oil and gas company's stock worth $1,076,000 after acquiring an additional 651 shares during the period. SkyOak Wealth LLC increased its position in shares of Exxon Mobil by 19.9% during the first quarter. SkyOak Wealth LLC now owns 4,865 shares of the oil and gas company's stock worth $579,000 after acquiring an additional 809 shares during the period. ARK & TLK Investments LLC increased its position in shares of Exxon Mobil by 3.9% during the first quarter. ARK & TLK Investments LLC now owns 16,664 shares of the oil and gas company's stock worth $1,982,000 after acquiring an additional 623 shares during the period. Finally, Riversedge Advisors LLC increased its holdings in Exxon Mobil by 88.2% in the first quarter. Riversedge Advisors LLC now owns 3,606 shares of the oil and gas company's stock valued at $429,000 after buying an additional 1,690 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM traded up $0.47 during mid-day trading on Friday, hitting $115.40. 11,683,034 shares of the company's stock were exchanged, compared to its average volume of 15,814,693. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.22 and a beta of 0.50. The business's 50 day moving average is $108.01 and its two-hundred day moving average is $108.79. 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 (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 earnings per share. The business's quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil's payout ratio is currently 52.52%.

Analysts Set New Price Targets

Several equities analysts recently commented on XOM shares. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.05.

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.