Atticus Wealth Management LLC Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Atticus Wealth Management LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 28.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,864 shares of the oil and gas company’s stock after selling 1,150 shares during the quarter. Atticus Wealth Management LLC’s holdings in Exxon Mobil were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $50,000. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $80,000. Neo Ivy Capital Management purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $80,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at $91,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.2 %

Exxon Mobil stock opened at $115.12 on Monday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market capitalization of $453.92 billion, a P/E ratio of 14.11, a PEG ratio of 4.14 and a beta of 0.92. The stock has a 50-day simple moving average of $115.25 and a 200-day simple moving average of $109.72.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the firm posted $2.83 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XOM shares. Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Wells Fargo & Company boosted their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $133.82.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

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.