Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Balentine LLC

Balentine LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 16,582 shares of the oil and gas company’s stock after selling 112 shares during the period. Balentine LLC’s holdings in Exxon Mobil were worth $1,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new position in Exxon Mobil during the 1st quarter worth $45,000. Finally, Clarity Asset Management Inc. grew its stake in Exxon Mobil by 29.7% during 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. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Morgan Stanley restated an “overweight” rating on shares of Exxon Mobil in a research note on Tuesday. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $107.87 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $464.88 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 2.08 and a beta of 0.50. The business’s 50-day simple moving average is $108.66 and its 200-day simple moving average is $108.96. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its 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. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 EPS. The company’s revenue was up .1% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 yield of 3.67%. Exxon Mobil’s payout ratio is 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.