Bryn Mawr Capital Management LLC Sells 13,752 Shares of Exxon Mobil Corporation (NYSE:XOM)

Bryn Mawr Capital Management LLC decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 11.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 109,873 shares of the oil and gas company’s stock after selling 13,752 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Exxon Mobil were worth $13,067,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the 1st quarter worth about $29,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $32,000. Cloud Capital Management LLC purchased a new position in Exxon Mobil during the 1st quarter valued at about $45,000. Finally, Clarity Asset Management Inc. grew its holdings in 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 valued at $47,000 after buying an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.26 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a 50 day moving average price of $108.54 and a two-hundred day moving average price of $108.91. The company has a market capitalization of $483.78 billion, a P/E ratio of 14.89, a PEG ratio of 2.15 and a beta of 0.50.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The business’s revenue was up .1% on a year-over-year basis. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil’s payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. 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. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Exxon Mobil in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.05.

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.