IMA Advisory Services Inc. Has $2.89 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

IMA Advisory Services Inc. cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,302 shares of the oil and gas company's stock after selling 6,153 shares during the period. IMA Advisory Services Inc.'s holdings in Exxon Mobil were worth $2,890,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. 10Elms LLP bought a new stake in Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the first quarter valued at approximately $29,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil in the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. raised its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $108.60 on Wednesday. The business's 50 day simple moving average is $108.66 and its 200 day simple moving average is $108.98. 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 company has a market cap of $468.04 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.01 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 EPS. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given 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 yield of 3.65%. Exxon Mobil's payout ratio is 52.52%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.