Richard Bernstein Advisors LLC Sells 68,083 Shares of Exxon Mobil Corporation (NYSE:XOM)

Richard Bernstein Advisors LLC decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 67.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 32,874 shares of the oil and gas company's stock after selling 68,083 shares during the quarter. Richard Bernstein Advisors LLC's holdings in Exxon Mobil were worth $3,910,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Security National Bank of SO Dak increased its stake in Exxon Mobil by 0.8% in the first quarter. Security National Bank of SO Dak now owns 26,793 shares of the oil and gas company's stock valued at $3,186,000 after acquiring an additional 214 shares during the period. Financial Counselors Inc. increased its stake in Exxon Mobil by 4.7% in the first quarter. Financial Counselors Inc. now owns 625,442 shares of the oil and gas company's stock valued at $74,384,000 after acquiring an additional 28,039 shares during the period. Cooksen Wealth LLC bought a new stake in Exxon Mobil in the first quarter valued at about $229,000. Byrne Financial Freedom LLC increased its stake in Exxon Mobil by 31.1% in the first quarter. Byrne Financial Freedom LLC now owns 4,642 shares of the oil and gas company's stock valued at $552,000 after acquiring an additional 1,100 shares during the period. Finally, YANKCOM Partnership grew its stake in Exxon Mobil by 1.7% during the first quarter. YANKCOM Partnership now owns 14,343 shares of the oil and gas company's stock worth $1,706,000 after buying an additional 246 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Scotiabank upped their price objective on shares of Exxon Mobil from $115.00 to $125.00 and gave the stock a "sector outperform" rating in a research note on Friday. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen upped 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $0.47 during midday trading on Friday, reaching $115.40. The company had a trading volume of 11,683,034 shares, compared to its average volume of 15,814,693. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market capitalization of $497.33 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $108.01 and a 200 day simple moving average of $108.79.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the firm earned $2.06 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil's payout ratio is presently 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.