Exxon Mobil Corporation (NYSE:XOM) Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,037 shares of the oil and gas company’s stock after selling 853 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Exxon Mobil were worth $4,167,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of XOM. Tallon Kerry Patrick purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $789,000. Union Bancaire Privee UBP SA acquired a new stake in Exxon Mobil in the fourth quarter valued at $48,348,000. SOA Wealth Advisors LLC. raised its holdings in Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after acquiring an additional 1,595 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Exxon Mobil by 2.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 169,944 shares of the oil and gas company’s stock valued at $18,281,000 after acquiring an additional 4,297 shares during the last quarter. Finally, First Bank & Trust grew its holdings in Exxon Mobil by 68.8% during the 4th quarter. First Bank & Trust now owns 10,666 shares of the oil and gas company’s stock worth $1,147,000 after acquiring an additional 4,349 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.5%

XOM opened at $111.79 on Tuesday. The company has a market capitalization of $481.77 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.29 and a beta of 0.49. The business has a 50-day moving average of $106.73 and a 200-day moving average of $108.54. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate 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 9.49% and a return on equity of 12.06%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday. One 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

About Exxon Mobil

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.