VERITY Wealth Advisors Has $944,000 Stock Position in Exxon Mobil Corporation (NYSE:XOM)

VERITY Wealth Advisors lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 39.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,940 shares of the oil and gas company's stock after selling 5,141 shares during the period. VERITY Wealth Advisors' holdings in Exxon Mobil were worth $944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Altus Wealth Group LLC grew its holdings in shares of Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after buying an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares during the last quarter. WPWealth LLP boosted its holdings in Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 96 shares during the period. Centurion Wealth Management LLC increased its position in Exxon Mobil by 1.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after buying an additional 97 shares during the period. Finally, Physicians Financial Services Inc. grew its position in Exxon Mobil by 5.5% during the fourth quarter. Physicians Financial Services Inc. now owns 1,922 shares of the oil and gas company's stock worth $207,000 after buying an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 2.9%

Shares of NYSE XOM traded down $3.29 during mid-day trading on Tuesday, reaching $108.45. 24,816,717 shares of the company's stock were exchanged, compared to its average volume of 15,721,744. 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 business has a fifty day simple moving average of $106.83 and a 200 day simple moving average of $108.54. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $467.39 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.24 and a beta of 0.49.

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 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during 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%. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm 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 3.65%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on XOM shares. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. UBS Group decreased their price target 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. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.