ExxonMobil Corporation $XOM Shares Sold by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. trimmed its holdings in ExxonMobil Corporation (NYSE:XOM) by 38.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,175 shares of the oil and gas company’s stock after selling 9,566 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in ExxonMobil were worth $2,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Portus Wealth Advisors LLC purchased a new stake in shares of ExxonMobil during the first quarter worth approximately $36,000. Berbice Capital Management LLC purchased a new position in shares of ExxonMobil in the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil during the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after buying an additional 202 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Trading Down 0.6%

NYSE XOM opened at $158.78 on Friday. The company has a market cap of $658.13 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.63 and a beta of 0.17. ExxonMobil Corporation has a 12 month low of $105.67 and a 12 month high of $176.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company has a 50-day moving average of $146.80 and a 200-day moving average of $150.38.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period in the prior year, the business posted $1.64 earnings per share. As a group, equities analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Morgan Stanley lowered their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $163.29.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.