Exxon Mobil Corporation (NYSE:XOM) Holdings Trimmed by SlateStone Wealth LLC

SlateStone Wealth LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,217 shares of the oil and gas company’s stock after selling 713 shares during the period. SlateStone Wealth LLC’s holdings in Exxon Mobil were worth $3,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Wellington Shields & Co. LLC lifted its position in Exxon Mobil by 0.6% during the 1st quarter. Wellington Shields & Co. LLC now owns 61,809 shares of the oil and gas company’s stock worth $7,351,000 after acquiring an additional 372 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Exxon Mobil by 93.0% during the first quarter. Mesirow Financial Investment Management Inc. now owns 166,532 shares of the oil and gas company’s stock valued at $19,806,000 after buying an additional 80,260 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of Exxon Mobil by 37.3% during the first quarter. Arkadios Wealth Advisors now owns 139,930 shares of the oil and gas company’s stock valued at $16,642,000 after buying an additional 37,987 shares during the last quarter. Delap Wealth Advisory LLC acquired a new position in shares of Exxon Mobil during the first quarter valued at about $214,000. Finally, Eastern Bank raised its position in shares of Exxon Mobil by 3.2% during the first quarter. Eastern Bank now owns 716,325 shares of the oil and gas company’s stock valued at $85,192,000 after buying an additional 22,292 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Morgan Stanley reissued an “overweight” rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $125.42.

Exxon Mobil Trading Up 1.3%

XOM opened at $112.92 on Wednesday. The firm’s fifty day simple moving average is $109.01 and its 200 day simple moving average is $109.11. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market capitalization of $486.64 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.10 and a beta of 0.50.

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, 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 for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.51%. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

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.