Richard Bernstein Advisors LLC Lowers Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Richard Bernstein Advisors LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 67.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its holdings in shares of Exxon Mobil by 24.1% in 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 buying an additional 110,772 shares during the period. Accredited Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $55,000. Legacy Trust lifted its holdings in shares of Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after buying an additional 997 shares during the period. Renasant Bank lifted its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after buying an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV lifted its holdings in shares of Exxon Mobil by 1.6% in 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 buying an additional 227 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group reduced 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. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. One research 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $125.55.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $1.12 during mid-day trading on Thursday, hitting $114.92. 14,891,478 shares of the company were exchanged, compared to its average volume of 15,803,778. 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 business's 50 day simple moving average is $107.65 and its two-hundred day simple moving average is $108.66. The company has a market capitalization of $495.26 billion, a P/E ratio of 15.24, a PEG ratio of 2.19 and a beta of 0.50. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

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 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 earnings per share. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.