LMG Wealth Partners LLC Reduces Position in Exxon Mobil Corporation (NYSE:XOM)

LMG Wealth Partners LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,349 shares of the oil and gas company's stock after selling 5,355 shares during the period. Exxon Mobil accounts for 1.6% of LMG Wealth Partners LLC's investment portfolio, making the stock its 19th biggest position. LMG Wealth Partners LLC's holdings in Exxon Mobil were worth $7,177,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. 10Elms LLP purchased a new position in Exxon Mobil in the 4th quarter worth $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the first quarter valued at about $29,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil in the first quarter valued at about $45,000. Finally, Clarity Asset Management Inc. increased its position in shares of 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 acquiring an additional 100 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $0.50 during midday trading on Thursday, reaching $111.73. The stock had a trading volume of 13,149,953 shares, compared to its average volume of 15,784,483. The stock has a 50-day moving average of $108.54 and a 200-day moving average of $108.91. 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 company has a market capitalization of $481.51 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

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 for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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 3.54%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XOM shares. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Piper Sandler boosted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, TD Cowen boosted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $126.05.

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.