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Livingston Group Asset Management CO operating as Southport Capital Management trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 53.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 27,149 shares of the oil and gas company’s stock after selling 30,895 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Exxon Mobil were worth $2,242,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Segment Wealth Management LLC lifted its position in shares of Exxon Mobil by 31.9% during the first quarter. Segment Wealth Management LLC now owns 65,743 shares of the oil and gas company’s stock valued at $5,430,000 after buying an additional 15,908 shares during the last quarter. Transform Wealth LLC lifted its position in shares of Exxon Mobil by 1.4% during the first quarter. Transform Wealth LLC now owns 105,529 shares of the oil and gas company’s stock valued at $8,716,000 after buying an additional 1,461 shares during the last quarter. Garrett Wealth Advisory Group LLC lifted its position in shares of Exxon Mobil by 30.5% during the first quarter. Garrett Wealth Advisory Group LLC now owns 5,737 shares of the oil and gas company’s stock valued at $474,000 after buying an additional 1,340 shares during the last quarter. Castle Rock Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $220,000. Finally, FLC Capital Advisors raised its position in shares of Exxon Mobil by 18.0% in the 1st quarter. FLC Capital Advisors now owns 33,839 shares of the oil and gas company’s stock valued at $2,795,000 after purchasing an additional 5,160 shares during the last quarter. 54.07% of the stock is owned by institutional investors and hedge funds.
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.
Shares of NYSE XOM opened at $86.08 on Friday. The stock has a market capitalization of $362.62 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.31 and a beta of 1.07. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The firm’s 50 day simple moving average is $91.69 and its 200-day simple moving average is $82.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The firm had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. During the same period in the previous year, the business earned $0.65 EPS. Exxon Mobil’s revenue for the quarter was up 53.0% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 11.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were paid a $0.88 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a yield of 4.09%. Exxon Mobil’s dividend payout ratio is currently 58.37%.
Several equities analysts recently commented on the stock. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $125.00 in a research report on Tuesday, June 21st. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Argus increased their price objective on shares of Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Finally, StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $90.48.
About Exxon Mobil (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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