Sequoia Financial Advisors LLC Has $61.78 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Sequoia Financial Advisors LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 519,462 shares of the oil and gas company's stock after selling 14,717 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Exxon Mobil were worth $61,780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $32,000. Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the period. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.5%

Shares of Exxon Mobil stock opened at $109.40 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market cap of $471.49 billion, a P/E ratio of 14.51, a P/E/G ratio of 2.13 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $107.04 and its 200-day moving average is $108.50.

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, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the business posted $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Corporation 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 was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.