Perigon Wealth Management LLC Reduces Stake in Exxon Mobil Corporation (NYSE:XOM)

Perigon Wealth Management LLC cut its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,963 shares of the oil and gas company's stock after selling 5,771 shares during the quarter. Perigon Wealth Management LLC's holdings in Exxon Mobil were worth $15,457,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Omnia Family Wealth LLC increased its position in shares of Exxon Mobil by 85.3% in the first quarter. Omnia Family Wealth LLC now owns 3,195 shares of the oil and gas company's stock valued at $380,000 after buying an additional 1,471 shares in the last quarter. Inman Jager Wealth Management LLC grew its stake in Exxon Mobil by 3.9% in the 1st quarter. Inman Jager Wealth Management LLC now owns 14,784 shares of the oil and gas company's stock valued at $1,758,000 after acquiring an additional 556 shares during the last quarter. Tyche Wealth Partners LLC increased its holdings in Exxon Mobil by 1.1% during the 1st quarter. Tyche Wealth Partners LLC now owns 164,905 shares of the oil and gas company's stock valued at $19,612,000 after acquiring an additional 1,811 shares in the last quarter. Live Oak Investment Partners increased its holdings in Exxon Mobil by 5.7% during the 1st quarter. Live Oak Investment Partners now owns 21,049 shares of the oil and gas company's stock valued at $2,503,000 after acquiring an additional 1,129 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Exxon Mobil during the first quarter worth about $2,781,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on XOM shares. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.10.

Exxon Mobil Trading Up 1.6%

NYSE XOM opened at $110.15 on Friday. The company has a market cap of $474.71 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.10 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month 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. The company has a 50-day moving average of $106.98 and a 200-day moving average of $108.52.

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

Exxon Mobil Dividend Announcement

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

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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