VCI Wealth Management LLC Has $2.15 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $29,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. boosted its holdings in shares of Exxon Mobil by 29.7% during 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 in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.5%

Shares of NYSE:XOM traded up $0.55 during midday trading on Tuesday, reaching $108.60. The company's stock had a trading volume of 13,966,836 shares, compared to its average volume of 15,872,844. The firm has a market cap of $468.04 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The business has a 50 day moving average price of $108.66 and a 200 day moving average price of $108.98.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XOM. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Piper Sandler lifted their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. 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 given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

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.