Sprinkle Financial Consultants LLC Sells 198 Shares of Exxon Mobil Co. (NYSE:XOM)

Sprinkle Financial Consultants LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,284 shares of the oil and gas company’s stock after selling 198 shares during the quarter. Sprinkle Financial Consultants LLC’s holdings in Exxon Mobil were worth $391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tallon Kerry Patrick bought a new position in Exxon Mobil in the fourth quarter valued at $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $48,348,000. SOA Wealth Advisors LLC. increased its position in shares of Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after acquiring an additional 1,595 shares during the last quarter. MGB Wealth Management LLC raised its holdings in Exxon Mobil by 7.5% during the fourth quarter. MGB Wealth Management LLC now owns 8,946 shares of the oil and gas company’s stock worth $957,000 after acquiring an additional 621 shares in the last quarter. Finally, Avestar Capital LLC boosted its position in Exxon Mobil by 2.8% during the fourth quarter. Avestar Capital LLC now owns 25,300 shares of the oil and gas company’s stock valued at $2,722,000 after purchasing an additional 683 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XOM. Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley lowered their price target 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. Finally, UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.48 on Tuesday. The company has a 50-day simple moving average of $105.75 and a two-hundred day simple moving average of $108.62. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market capitalization of $484.73 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 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.