Financial Perspectives Inc Sells 1,101 Shares of Exxon Mobil Corporation (NYSE:XOM)

Financial Perspectives Inc trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 19.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,605 shares of the oil and gas company’s stock after selling 1,101 shares during the period. Financial Perspectives Inc’s holdings in Exxon Mobil were worth $548,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP increased its holdings in Exxon Mobil by 24.1% during 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 buying an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $55,000. Legacy Trust increased its holdings in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after buying an additional 997 shares during the last quarter. Renasant Bank increased its holdings in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after buying an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV increased its holdings in Exxon Mobil by 1.6% during 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 buying an additional 227 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.4%

XOM stock opened at $114.07 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The company’s 50-day simple moving average is $105.91 and its 200 day simple moving average is $108.66. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $491.58 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.49.

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 the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the company posted $2.06 earnings per share. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XOM shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price 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.