ARS Wealth Advisors Group LLC Sells 1,026 Shares of Exxon Mobil Co. (NYSE:XOM)

ARS Wealth Advisors Group LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,150 shares of the oil and gas company’s stock after selling 1,026 shares during the quarter. Exxon Mobil makes up 3.4% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 7th biggest holding. ARS Wealth Advisors Group LLC’s holdings in Exxon Mobil were worth $24,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP boosted its holdings in Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter worth $55,000. Rockline Wealth Management LLC boosted its holdings in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after purchasing an additional 1,498 shares in the last quarter. Renasant Bank boosted its holdings in Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after purchasing an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV boosted its holdings in Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock worth $1,532,000 after purchasing an additional 227 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 2.4%

NYSE XOM opened at $104.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a 50-day simple moving average of $105.42 and a 200 day simple moving average of $109.11. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market cap of $449.45 billion, a PE ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter last year, the company earned $2.06 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Mizuho decreased 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. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Company 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.