JPL Wealth Management LLC Sells 33,911 Shares of Exxon Mobil Corporation (NYSE:XOM)

JPL Wealth Management LLC lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 90.2% in the first quarter, HoldingsChannel reports. The fund owned 3,670 shares of the oil and gas company’s stock after selling 33,911 shares during the period. JPL Wealth Management LLC’s holdings in Exxon Mobil were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the first quarter valued at $29,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil during the first quarter valued at $45,000. Finally, Clarity Asset Management Inc. boosted its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XOM. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, UBS Group dropped their price target 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.42.

Exxon Mobil Price Performance

XOM stock opened at $108.60 on Wednesday. The firm’s 50-day moving average price is $108.66 and its two-hundred day moving average price is $108.98. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market capitalization of $468.04 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.01 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (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 company had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the previous year, the company earned $2.06 earnings per share. Exxon Mobil’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 3.65%. 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.