Exxon Mobil Corporation (NYSE:XOM) Stock Position Lessened by Sharp Financial Services LLC

Sharp Financial Services LLC cut its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,104 shares of the oil and gas company's stock after selling 2,646 shares during the period. Exxon Mobil comprises 1.4% of Sharp Financial Services LLC's portfolio, making the stock its 8th largest holding. Sharp Financial Services LLC's holdings in Exxon Mobil were worth $1,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Exxon Mobil by 35.3% during the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock valued at $1,963,000 after acquiring an additional 4,760 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Exxon Mobil during the fourth quarter valued at $863,000. Kendall Capital Management grew its stake in shares of Exxon Mobil by 24.0% in the 4th quarter. Kendall Capital Management now owns 3,649 shares of the oil and gas company's stock worth $393,000 after buying an additional 706 shares in the last quarter. Solitude Financial Services grew its stake in shares of Exxon Mobil by 9.0% in the 4th quarter. Solitude Financial Services now owns 30,585 shares of the oil and gas company's stock worth $3,290,000 after buying an additional 2,537 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Exxon Mobil by 1.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,177,366 shares of the oil and gas company's stock worth $234,219,000 after buying an additional 37,511 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 2.8%

Shares of NYSE:XOM traded up $3.08 during trading hours on Tuesday, hitting $114.19. The company's stock had a trading volume of 17,907,952 shares, compared to its average volume of 15,778,755. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. 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 company has a market capitalization of $492.12 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 2.16 and a beta of 0.50. The firm's fifty day moving average price is $107.37 and its 200 day moving average price is $108.58.

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, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the business posted $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts expect 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. 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 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XOM shares. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Scotiabank dropped their price objective on shares of 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. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.55.

About Exxon Mobil

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.