GFS Advisors LLC Sells 6,348 Shares of Exxon Mobil Corporation (NYSE:XOM)

GFS Advisors LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,247 shares of the oil and gas company's stock after selling 6,348 shares during the quarter. GFS Advisors LLC's holdings in Exxon Mobil were worth $5,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. 10Elms LLP purchased a new position in Exxon Mobil during the 4th quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at $32,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.4%

Shares of NYSE:XOM opened at $114.81 on Friday. The company has a market capitalization of $494.77 billion, a PE ratio of 15.23, a P/E/G ratio of 2.26 and a beta of 0.49. 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 12-month low of $97.80 and a 12-month high of $126.34. The business's fifty day simple moving average is $106.56 and its 200-day simple moving average is $108.64.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results 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 net margin of 9.49% and a return on equity of 12.06%. 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 company posted $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 predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.45%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Scotiabank reduced their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil currently 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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