McLean Asset Management Corp Sells 3,342 Shares of Exxon Mobil Co. (NYSE:XOM)

McLean Asset Management Corp lessened its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 36.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,922 shares of the oil and gas company's stock after selling 3,342 shares during the quarter. McLean Asset Management Corp's holdings in Exxon Mobil were worth $704,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth about $36,000. Finally, Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the fourth quarter worth about $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Down 1.4%

Shares of NYSE XOM traded down $1.47 during trading hours on Wednesday, hitting $102.33. The stock had a trading volume of 15,622,739 shares, compared to its average volume of 15,554,236. The company has a market capitalization of $441.01 billion, a P/E ratio of 13.05, a P/E/G ratio of 3.02 and a beta of 0.51. The firm's 50-day moving average price is $106.37 and its two-hundred day moving average price is $109.47. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. 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 company earned $2.06 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XOM shares. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.