Clayton Financial Group LLC Sells 543 Shares of Exxon Mobil Corporation (NYSE:XOM)

Clayton Financial Group LLC lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,693 shares of the oil and gas company’s stock after selling 543 shares during the period. Clayton Financial Group LLC’s holdings in Exxon Mobil were worth $1,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. 10Elms LLP bought a new stake in shares of Exxon Mobil in the fourth quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $32,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4%

XOM opened at $114.07 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $491.58 billion, a PE ratio of 15.13, a P/E/G ratio of 2.25 and a beta of 0.49. The company’s 50-day moving average is $105.91 and its 200 day moving average is $108.66.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the business posted $2.06 EPS. The firm’s revenue was up .1% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Piper Sandler lowered 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 assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil 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.