IRON Financial LLC Trims Stake in Exxon Mobil Corporation (NYSE:XOM)

IRON Financial LLC lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 45.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,630 shares of the oil and gas company's stock after selling 3,807 shares during the period. IRON Financial LLC's holdings in Exxon Mobil were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $32,000. Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the period. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XOM shares. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho cut their price target 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. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Scotiabank dropped their target price 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil Trading Up 1.0%

Exxon Mobil stock traded up $1.10 during trading on Thursday, reaching $112.15. 11,223,580 shares of the company were exchanged, compared to its average volume of 15,759,096. The stock's 50 day simple moving average is $107.17 and its two-hundred day simple moving average is $108.45. The company has a market capitalization of $483.33 billion, a P/E ratio of 14.87, a PEG ratio of 2.15 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping 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. The company'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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Exxon Mobil Company 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.