SageOak Financial LLC lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 18.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,378 shares of the oil and gas company's stock after selling 2,370 shares during the period. Exxon Mobil comprises about 1.1% of SageOak Financial LLC's portfolio, making the stock its 12th biggest holding. SageOak Financial LLC's holdings in Exxon Mobil were worth $1,234,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 586.9% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 43,980 shares of the oil and gas company's stock worth $5,231,000 after buying an additional 37,577 shares in the last quarter. Hager Investment Management Services LLC increased its holdings in Exxon Mobil by 6.7% in the 1st quarter. Hager Investment Management Services LLC now owns 4,031 shares of the oil and gas company's stock worth $479,000 after purchasing an additional 253 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the 1st quarter worth about $29,000. United Community Bank increased its holdings in Exxon Mobil by 4.6% in the 1st quarter. United Community Bank now owns 14,406 shares of the oil and gas company's stock worth $1,713,000 after purchasing an additional 631 shares in the last quarter. Finally, Firestone Capital Management increased its holdings in Exxon Mobil by 21.3% in the 1st quarter. Firestone Capital Management now owns 23,053 shares of the oil and gas company's stock worth $2,742,000 after purchasing an additional 4,049 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Trading Down 0.6%
Shares of XOM stock traded down $0.66 during trading hours on Wednesday, hitting $112.26. 11,157,659 shares of the company were exchanged, compared to its average volume of 15,777,621. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $483.78 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.18 and a beta of 0.50. The company has a 50 day simple moving average of $108.39 and a two-hundred day simple moving average of $108.89. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $2.06 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The company 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 3.53%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Analyst Upgrades and Downgrades
XOM has been the subject of several recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Mizuho decreased their price target 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $126.05.
Read Our Latest Analysis on XOM
Exxon Mobil Company Profile
(
Free Report)
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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