Moran Wealth Management LLC Sells 45,142 Shares of Exxon Mobil Corporation (NYSE:XOM)

Moran Wealth Management LLC lessened its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 33.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,669 shares of the oil and gas company's stock after selling 45,142 shares during the period. Moran Wealth Management LLC's holdings in Exxon Mobil were worth $10,545,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its position in shares of Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $55,000. Legacy Trust raised its position in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares during the period. Renasant Bank raised its position in Exxon Mobil by 5.0% in the fourth 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 during the period. Finally, Paradigm Capital Management LLC NV grew its position in shares of Exxon Mobil by 1.6% during the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after acquiring an additional 227 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $1.78 during midday trading on Thursday, reaching $110.15. 18,288,891 shares of the stock traded hands, compared to its average volume of 15,737,650. The company's 50 day moving average is $106.92 and its 200 day moving average is $108.54. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market capitalization of $474.71 billion, a PE ratio of 14.61, a P/E/G ratio of 2.17 and a beta of 0.49. 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 (NYSE:XOM - Get Free Report) last released 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 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 analysts' expectations of $86.11 billion. During the same period in the previous year, the company earned $2.06 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Scotiabank lowered their target price on 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. Mizuho lowered 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. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.10.

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.