VCI Wealth Management LLC Trims Stock Position in Exxon Mobil Corporation (NYSE:XOM)

VCI Wealth Management LLC reduced its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,039 shares of the oil and gas company's stock after selling 3,323 shares during the quarter. Exxon Mobil comprises approximately 0.9% of VCI Wealth Management LLC's portfolio, making the stock its 26th biggest position. VCI Wealth Management LLC's holdings in Exxon Mobil were worth $2,145,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of XOM. 10Elms LLP acquired a new stake in Exxon Mobil in the 4th quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the 1st quarter worth about $29,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter worth about $32,000. Cloud Capital Management LLC acquired a new stake in Exxon Mobil in the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. boosted 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 worth $47,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM stock traded up $1.31 during trading hours on Wednesday, reaching $109.85. The stock had a trading volume of 11,997,798 shares, compared to its average volume of 15,857,420. The firm has a market capitalization of $473.40 billion, a PE ratio of 14.57, a PEG ratio of 2.01 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock's fifty day simple moving average is $108.66 and its 200 day simple moving average is $108.98.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $2.06 earnings per share. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.42.

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.