Asset Dedication LLC Sells 1,267 Shares of Exxon Mobil Corporation (NYSE:XOM)

Asset Dedication LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,459 shares of the oil and gas company’s stock after selling 1,267 shares during the quarter. Asset Dedication LLC’s holdings in Exxon Mobil were worth $5,169,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth $25,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $32,000. Cloud Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $45,000. Clarity Asset Management Inc. boosted its stake 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 valued at $47,000 after purchasing an additional 100 shares in the last quarter. Finally, ZynergyRetirementPlanningLLC grew its holdings in shares of Exxon Mobil by 29.2% during the 1st quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.4%

NYSE:XOM opened at $115.40 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The firm’s fifty day moving average is $108.01 and its 200-day moving average is $108.81. The firm has a market cap of $497.33 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.21 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 issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, UBS Group reduced their price target 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.05.

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.