Oppenheimer Asset Management Inc. Trims Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Oppenheimer Asset Management Inc. trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,612 shares of the oil and gas company's stock after selling 25,780 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Exxon Mobil were worth $31,470,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XOM. Vantage Point Financial LLC raised its holdings in shares of Exxon Mobil by 17.5% during the 1st quarter. Vantage Point Financial LLC now owns 3,940 shares of the oil and gas company's stock valued at $469,000 after buying an additional 587 shares during the period. Continuum Advisory LLC grew its stake in Exxon Mobil by 3.2% during the 1st quarter. Continuum Advisory LLC now owns 61,366 shares of the oil and gas company's stock valued at $7,298,000 after purchasing an additional 1,897 shares in the last quarter. Park Capital Management LLC WI acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $283,000. CV Advisors LLC acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $608,000. Finally, XML Financial LLC grew its position in shares of Exxon Mobil by 3.5% in the 1st quarter. XML Financial LLC now owns 49,966 shares of the oil and gas company's stock worth $5,942,000 after acquiring an additional 1,682 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $108.45 on Wednesday. The company has a market capitalization of $467.39 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.49. The business's 50-day moving average price is $106.83 and its two-hundred day moving average price is $108.54. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 EPS. The firm's revenue was up .1% on a year-over-year basis. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's dividend payout ratio is 52.52%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank decreased their target price 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. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.

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