Tiedemann Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.9% during the first quarter, Holdings Channel reports. The institutional investor owned 334,826 shares of the oil and gas company’s stock after selling 13,714 shares during the period. Exxon Mobil comprises about 0.8% of Tiedemann Advisors LLC’s portfolio, making the stock its 25th largest holding. Tiedemann Advisors LLC’s holdings in Exxon Mobil were worth $12,713,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. TFO TDC LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $25,000. Gs Investments Inc. increased its holdings in Exxon Mobil by 543.5% during the 4th quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 375 shares in the last quarter. Evolution Wealth Advisors LLC increased its holdings in Exxon Mobil by 299.3% during the 4th quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 431 shares in the last quarter. CBIZ Investment Advisory Services LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $40,000. Finally, Danda Trouve Investment Management Inc. bought a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. 55.61% of the stock is currently owned by institutional investors and hedge funds.

In other Exxon Mobil news, VP Neil W. Duffin bought 30,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average cost of $36.41 per share, for a total transaction of $1,092,300.00. Following the completion of the acquisition, the vice president now owns 571,150 shares of the company’s stock, valued at $20,795,571.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William C. Weldon bought 4,180 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $48.09 per share, with a total value of $201,016.20. Following the completion of the acquisition, the director now directly owns 30,947 shares of the company’s stock, valued at approximately $1,488,241.23. The disclosure for this purchase can be found here. Insiders have bought 38,771 shares of company stock valued at $1,493,300 over the last quarter. Company insiders own 0.05% of the company’s stock.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Exxon Mobil in a report on Monday, March 16th. Citigroup reduced their target price on Exxon Mobil from $68.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Berenberg Bank set a $63.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada reissued a “sell” rating and set a $42.00 price objective on shares of Exxon Mobil in a report on Friday, May 1st. Finally, HSBC restated a “neutral” rating and set a $48.00 target price on shares of Exxon Mobil in a research report on Thursday, March 12th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $56.65.

Shares of XOM opened at $42.00 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. Exxon Mobil Co. has a one year low of $30.11 and a one year high of $77.93. The company has a 50-day simple moving average of $42.12 and a two-hundred day simple moving average of $57.67. The firm has a market capitalization of $188.77 billion, a PE ratio of 15.73 and a beta of 1.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.49. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The business had revenue of $56.16 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same period last year, the business posted $0.55 earnings per share. Exxon Mobil’s quarterly revenue was down 11.7% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post -0.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.48 annualized dividend and a dividend yield of 8.29%. Exxon Mobil’s payout ratio is 154.67%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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