Briaud Financial Planning Inc cut its stake in Exxon Mobil Co. (NYSE:XOM) by 26.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,574 shares of the oil and gas company’s stock after selling 3,159 shares during the period. Exxon Mobil accounts for 0.4% of Briaud Financial Planning Inc’s portfolio, making the stock its 12th largest position. Briaud Financial Planning Inc’s holdings in Exxon Mobil were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of XOM. Wade G W & Inc. raised its holdings in shares of Exxon Mobil by 0.7% during the first quarter. Wade G W & Inc. now owns 718,029 shares of the oil and gas company’s stock worth $40,088,000 after purchasing an additional 5,343 shares during the period. Newman Dignan & Sheerar Inc. raised its holdings in shares of Exxon Mobil by 6.5% during the first quarter. Newman Dignan & Sheerar Inc. now owns 19,179 shares of the oil and gas company’s stock worth $1,071,000 after purchasing an additional 1,173 shares during the period. HWG Holdings LP acquired a new stake in shares of Exxon Mobil during the first quarter worth $2,631,000. GSB Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $55,005,000. Finally, Lesa Sroufe & Co acquired a new stake in shares of Exxon Mobil during the first quarter worth $220,000. 50.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:XOM traded up $0.65 during trading hours on Monday, hitting $61.42. 610,514 shares of the company’s stock traded hands, compared to its average volume of 28,552,197. Exxon Mobil Co. has a 52 week low of $31.11 and a 52 week high of $64.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The company’s fifty day simple moving average is $57.57 and its two-hundred day simple moving average is $48.87. The company has a market cap of $260.02 billion, a price-to-earnings ratio of 35.98 and a beta of 1.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, May 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.67%. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.
In other Exxon Mobil news, Director Michael J. Angelakis acquired 25,000 shares of Exxon Mobil stock in a transaction dated Monday, March 1st. The stock was bought at an average price of $57.16 per share, for a total transaction of $1,429,000.00. Following the transaction, the director now owns 8,000 shares in the company, valued at approximately $457,280. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.05% of the company’s stock.
A number of analysts have weighed in on XOM shares. Jefferies Financial Group reissued a “neutral” rating and set a $55.00 target price on shares of Exxon Mobil in a report on Friday, April 30th. Barclays increased their target price on shares of Exxon Mobil from $50.00 to $65.00 in a report on Friday, February 26th. Royal Bank of Canada set a $60.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Friday, April 30th. DZ Bank raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Tuesday, May 11th. Finally, Bank of America reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Exxon Mobil in a report on Friday, April 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $56.15.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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