Exxon Mobil Co. (NYSE:XOM) Shares Sold by BCS Wealth Management

BCS Wealth Management reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 9.7% during the 1st quarter, Holdings Channel reports. The fund owned 15,075 shares of the oil and gas company’s stock after selling 1,621 shares during the quarter. BCS Wealth Management’s holdings in Exxon Mobil were worth $1,793,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wedge Capital Management L L P NC increased its holdings in Exxon Mobil by 2.1% in the first quarter. Wedge Capital Management L L P NC now owns 7,224 shares of the oil and gas company’s stock valued at $859,000 after buying an additional 147 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings in Exxon Mobil by 262.1% in the first quarter. SOA Wealth Advisors LLC. now owns 25,332 shares of the oil and gas company’s stock valued at $3,013,000 after buying an additional 18,336 shares during the last quarter. Professional Advisory Services Inc. increased its holdings in Exxon Mobil by 1.8% in the first quarter. Professional Advisory Services Inc. now owns 7,831 shares of the oil and gas company’s stock valued at $931,000 after buying an additional 138 shares during the last quarter. Kennebec Savings Bank increased its holdings in Exxon Mobil by 7.1% in the first quarter. Kennebec Savings Bank now owns 16,604 shares of the oil and gas company’s stock valued at $1,975,000 after buying an additional 1,105 shares during the last quarter. Finally, KMG Fiduciary Partners LLC increased its holdings in Exxon Mobil by 24.8% in the first quarter. KMG Fiduciary Partners LLC now owns 18,252 shares of the oil and gas company’s stock valued at $2,171,000 after buying an additional 3,625 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM opened at $104.29 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The business’s 50-day moving average price is $105.42 and its 200 day moving average price is $109.02. The firm has a market cap of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the company posted $2.06 earnings per share. The business’s revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil’s payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

Several research firms recently commented on XOM. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, 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 report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price 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.