Sheaff Brock Investment Advisors LLC Decreases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Sheaff Brock Investment Advisors LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.6% during the 1st quarter, Holdings Channel reports. The firm owned 69,532 shares of the oil and gas company’s stock after selling 1,845 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Exxon Mobil were worth $8,269,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. increased its holdings in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler upped their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $125.42.

Exxon Mobil Price Performance

Shares of XOM opened at $110.42 on Monday. The company has a 50 day moving average price of $108.75 and a 200-day moving average price of $109.05. 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 market capitalization of $475.87 billion, a PE ratio of 14.64, a PEG ratio of 2.08 and a beta of 0.50. 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 (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 EPS. The company’s revenue was up .1% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. Exxon Mobil’s payout ratio is presently 52.52%.

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.