Lee Johnson Capital Management LLC Reduces Position in Exxon Mobil Corporation (NYSE:XOM)

Lee Johnson Capital Management LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 67.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,382 shares of the oil and gas company's stock after selling 15,172 shares during the quarter. Exxon Mobil accounts for approximately 0.5% of Lee Johnson Capital Management LLC's investment portfolio, making the stock its 29th largest position. Lee Johnson Capital Management LLC's holdings in Exxon Mobil were worth $878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP grew its holdings in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at about $55,000. Legacy Trust boosted its position in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after buying an additional 997 shares during the period. Renasant Bank grew its stake in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV increased its position in shares of Exxon Mobil by 1.6% during the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after acquiring an additional 227 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.4%

Shares of NYSE XOM traded up $0.47 during trading hours on Friday, hitting $115.40. 11,683,034 shares of the stock were exchanged, compared to its average volume of 15,798,174. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a fifty day moving average price of $108.01 and a 200-day moving average price of $108.78. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a market cap of $497.33 billion, a PE ratio of 15.31, a PEG ratio of 2.21 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $86.11 billion. During the same period in the prior year, the firm posted $2.06 earnings per share. The business's quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect 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 paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XOM shares. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank increased their price target on Exxon Mobil from $115.00 to $125.00 and gave the stock a "sector outperform" rating in a research report on Friday. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $126.05.

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.