Diversified LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Diversified LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,013 shares of the oil and gas company’s stock after selling 1,075 shares during the period. Exxon Mobil accounts for about 0.5% of Diversified LLC’s portfolio, making the stock its 17th largest holding. Diversified LLC’s holdings in Exxon Mobil were worth $3,954,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Pacific Financial purchased a new stake in shares of Exxon Mobil in the first quarter valued at approximately $34,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Vima LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $50,000. Redmont Wealth Advisors LLC purchased a new position in Exxon Mobil in the first quarter worth approximately $88,000. Finally, Christopher J. Hasenberg Inc purchased a new position in Exxon Mobil in the first quarter worth approximately $91,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Down 1.1 %

NYSE:XOM opened at $110.99 on Wednesday. The firm has a market cap of $437.63 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91. The stock has a fifty day moving average price of $114.36 and a 200 day moving average price of $110.31. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the business posted $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.18 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Barclays lowered their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

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Exxon Mobil Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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