Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,763 shares of the oil and gas company's stock after selling 3,913 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Exxon Mobil were worth $30,537,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at $45,000. Clarity Asset Management Inc. increased its stake in 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 buying an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. acquired a new position in Exxon Mobil in the 4th quarter valued at $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on XOM shares. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. 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. Piper Sandler boosted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.55.

Exxon Mobil Trading Up 1.0%

Shares of NYSE XOM traded up $1.12 on Thursday, reaching $114.92. 14,891,478 shares of the company traded hands, compared to its average volume of 15,780,671. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a 50 day moving average of $107.65 and a 200 day moving average of $108.66. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $495.26 billion, a PE ratio of 15.24, a P/E/G ratio of 2.19 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil Company 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.