International Private Wealth Advisors LLC Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

International Private Wealth Advisors LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 28.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,997 shares of the oil and gas company’s stock after selling 1,178 shares during the period. International Private Wealth Advisors LLC’s holdings in Exxon Mobil were worth $356,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XOM. 10Elms LLP purchased a new stake in Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $104.97 on Tuesday. The firm’s 50-day moving average price is $105.14 and its 200-day moving average price is $108.90. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $452.36 billion, a PE ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. One equities 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.