Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 3.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 104,683 shares of the oil and gas company’s stock after selling 3,516 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Exxon Mobil were worth $12,450,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XOM. Tallon Kerry Patrick purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $789,000. SOA Wealth Advisors LLC. increased its holdings in Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock worth $753,000 after purchasing an additional 1,595 shares during the last quarter. DMKC Advisory Services LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $1,919,000. Gibraltar Capital Management Inc. increased its holdings in Exxon Mobil by 1.1% during the 4th quarter. Gibraltar Capital Management Inc. now owns 64,611 shares of the oil and gas company’s stock worth $6,950,000 after purchasing an additional 723 shares during the last quarter. Finally, Sabal Trust CO increased its holdings in Exxon Mobil by 40.0% during the 4th quarter. Sabal Trust CO now owns 363,792 shares of the oil and gas company’s stock worth $39,133,000 after purchasing an additional 103,879 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Royal Bank Of Canada reiterated a “sector perform” 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 for the company in a report on Thursday, March 27th. Finally, Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.10.

Exxon Mobil Trading Down 0.5%

Shares of XOM stock opened at $109.40 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a fifty day moving average of $107.04 and a two-hundred day moving average of $108.48. The firm has a market capitalization of $471.49 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.49.

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, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm posted $2.06 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

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.