International Assets Investment Management LLC Sells 32,155 Shares of Exxon Mobil Corporation (NYSE:XOM)

International Assets Investment Management LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 34.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,151 shares of the oil and gas company's stock after selling 32,155 shares during the period. International Assets Investment Management LLC's holdings in Exxon Mobil were worth $7,392,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Altus Wealth Group LLC lifted its holdings in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after buying an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after acquiring an additional 94 shares in the last quarter. WPWealth LLP lifted its stake in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 96 shares during the last quarter. Centurion Wealth Management LLC grew its position in Exxon Mobil by 1.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after acquiring an additional 97 shares in the last quarter. Finally, Transcendent Capital Group LLC raised its holdings in shares of Exxon Mobil by 2.0% during the 4th quarter. Transcendent Capital Group LLC now owns 5,132 shares of the oil and gas company's stock valued at $552,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.10.

Exxon Mobil Price Performance

Shares of XOM stock traded up $1.78 during trading hours on Thursday, hitting $110.15. The company had a trading volume of 18,288,891 shares, compared to its average volume of 15,737,650. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. 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 firm's fifty day moving average is $106.92 and its 200 day moving average is $108.54. The firm has a market capitalization of $474.71 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.17 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly 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 return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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 $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

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.