Naples Global Advisors LLC Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Naples Global Advisors LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,837 shares of the oil and gas company’s stock after selling 315 shares during the quarter. Exxon Mobil accounts for about 0.9% of Naples Global Advisors LLC’s holdings, making the stock its 18th biggest holding. Naples Global Advisors LLC’s holdings in Exxon Mobil were worth $9,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. HF Advisory Group LLC lifted its holdings in shares of Exxon Mobil by 16.5% during the 1st quarter. HF Advisory Group LLC now owns 22,642 shares of the oil and gas company’s stock worth $2,693,000 after acquiring an additional 3,210 shares during the last quarter. Warren Street Wealth Advisors LLC increased its stake in Exxon Mobil by 18.1% in the first quarter. Warren Street Wealth Advisors LLC now owns 3,715 shares of the oil and gas company’s stock valued at $442,000 after acquiring an additional 569 shares during the last quarter. Lifestyle Asset Management Inc. raised its position in Exxon Mobil by 2.3% during the first quarter. Lifestyle Asset Management Inc. now owns 62,230 shares of the oil and gas company’s stock valued at $7,401,000 after purchasing an additional 1,416 shares in the last quarter. Matrix Trust Co lifted its stake in Exxon Mobil by 4.2% during the first quarter. Matrix Trust Co now owns 23,122 shares of the oil and gas company’s stock worth $2,750,000 after purchasing an additional 942 shares during the last quarter. Finally, Johnson & White Wealth Management LLC lifted its stake in Exxon Mobil by 2.1% during the first quarter. Johnson & White Wealth Management LLC now owns 12,268 shares of the oil and gas company’s stock worth $1,459,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on XOM shares. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $102.33 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $106.06 and a 200-day moving average price of $109.42. The company has a market cap of $441.01 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released 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 return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 EPS. Exxon Mobil’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.87%. Exxon Mobil’s dividend payout ratio is presently 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.