Secure Asset Management LLC Has $3.53 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Secure Asset Management LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 36.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,694 shares of the oil and gas company's stock after selling 16,956 shares during the quarter. Secure Asset Management LLC's holdings in Exxon Mobil were worth $3,531,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Park Edge Advisors LLC lifted its stake in shares of Exxon Mobil by 3.5% in the first quarter. Park Edge Advisors LLC now owns 31,940 shares of the oil and gas company's stock valued at $3,799,000 after purchasing an additional 1,070 shares during the period. Key Client Fiduciary Advisors LLC lifted its position in shares of Exxon Mobil by 3.0% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 13,126 shares of the oil and gas company's stock valued at $1,561,000 after acquiring an additional 380 shares during the period. Long Run Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 310.6% during the 1st quarter. Long Run Wealth Advisors LLC now owns 13,421 shares of the oil and gas company's stock worth $1,596,000 after acquiring an additional 10,152 shares in the last quarter. Firethorn Wealth Partners LLC raised its stake in shares of Exxon Mobil by 2.0% during the 1st quarter. Firethorn Wealth Partners LLC now owns 10,384 shares of the oil and gas company's stock worth $1,235,000 after buying an additional 208 shares during the last quarter. Finally, Sendero Wealth Management LLC boosted its stake in shares of Exxon Mobil by 22.9% during the first quarter. Sendero Wealth Management LLC now owns 78,189 shares of the oil and gas company's stock valued at $9,299,000 after acquiring an additional 14,572 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.51 during midday trading on Thursday, hitting $101.79. The company had a trading volume of 13,905,570 shares, compared to its average volume of 15,532,486. The firm has a fifty day simple moving average of $106.06 and a two-hundred day simple moving average of $109.42. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market cap of $438.67 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group lowered 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. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank decreased their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.