IFP Advisors Inc Has $20.24 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

IFP Advisors Inc decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,175 shares of the oil and gas company's stock after selling 3,315 shares during the period. Exxon Mobil makes up about 0.6% of IFP Advisors Inc's portfolio, making the stock its 23rd largest position. IFP Advisors Inc's holdings in Exxon Mobil were worth $20,239,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter worth $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter worth $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth $45,000. Finally, Clarity Asset Management Inc. grew its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $107.87 on Friday. The firm's fifty day moving average price is $108.66 and its 200-day moving average price is $108.97. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market cap of $464.88 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating 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 company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm earned $2.06 EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.67%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

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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