Schechter Investment Advisors LLC Sells 2,196 Shares of Exxon Mobil Corporation (NYSE:XOM)

Schechter Investment Advisors LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,108 shares of the oil and gas company's stock after selling 2,196 shares during the quarter. Schechter Investment Advisors LLC's holdings in Exxon Mobil were worth $2,867,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $45,000. Clarity Asset Management Inc. grew its stake in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $51,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. Scotiabank boosted their price objective on Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Friday. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho cut 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. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

Exxon Mobil Stock Up 0.4%

NYSE XOM opened at $115.40 on Monday. 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 company has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.21 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a 50 day moving average price of $108.01 and a 200-day moving average price of $108.81.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results 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 firm 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 company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 EPS. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Exxon Mobil 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.

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