WMG Financial Advisors LLC Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

WMG Financial Advisors LLC reduced its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 17.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,890 shares of the oil and gas company’s stock after selling 2,349 shares during the period. Exxon Mobil accounts for about 1.1% of WMG Financial Advisors LLC’s holdings, making the stock its 28th biggest holding. WMG Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dark Forest Capital Management LP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $27,000. Corrado Advisors LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $28,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Exxon Mobil in the 4th quarter valued at about $36,000. Align Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $38,000. Finally, Financial Connections Group Inc. increased its position in Exxon Mobil by 1,207.1% in the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 338 shares during the period. 58.59% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. UBS Group upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $125.00 to $144.00 in a research report on Tuesday, April 18th. StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. HSBC boosted their target price on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. Finally, Scotiabank cut Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.70.

Exxon Mobil Price Performance

XOM stock opened at $107.25 on Monday. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. The stock’s 50 day moving average price is $107.10 and its 200 day moving average price is $109.68. The firm has a market cap of $433.61 billion, a P/E ratio of 7.26, a PEG ratio of 0.62 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Free Report) last posted its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same quarter in the prior year, the company earned $2.07 EPS. Exxon Mobil’s revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.46 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is currently 24.64%.

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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