Legacy Wealth Management LLC MS cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 27.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,726 shares of the oil and gas company's stock after selling 8,016 shares during the quarter. Legacy Wealth Management LLC MS's holdings in Exxon Mobil were worth $2,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Lederer & Associates Investment Counsel CA boosted its position in Exxon Mobil by 13.2% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 10,241 shares of the oil and gas company's stock valued at $1,218,000 after acquiring an additional 1,194 shares in the last quarter. Waller Financial Planning Group Inc. boosted its position in Exxon Mobil by 35.6% during the 1st quarter. Waller Financial Planning Group Inc. now owns 4,791 shares of the oil and gas company's stock valued at $570,000 after acquiring an additional 1,257 shares in the last quarter. Marotta Asset Management boosted its position in Exxon Mobil by 4.9% during the 1st quarter. Marotta Asset Management now owns 4,583 shares of the oil and gas company's stock valued at $537,000 after acquiring an additional 213 shares in the last quarter. Global Wealth Strategies & Associates boosted its position in Exxon Mobil by 15.6% during the 1st quarter. Global Wealth Strategies & Associates now owns 3,141 shares of the oil and gas company's stock valued at $374,000 after acquiring an additional 424 shares in the last quarter. Finally, Centre Asset Management LLC bought a new stake in Exxon Mobil during the 1st quarter valued at approximately $4,072,000. 61.80% of the stock is owned by institutional investors.
Exxon Mobil Stock Down 0.6%
NYSE XOM traded down $0.61 during mid-day trading on Friday, reaching $102.08. The stock had a trading volume of 28,636,718 shares, compared to its average volume of 15,548,490. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market cap of $439.93 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a fifty day moving average price of $106.95 and a 200 day moving average price of $109.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.
Check Out Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Company Profile
(
Free Report)
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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