Eagle Wealth Strategies LLC Sells 406 Shares of Exxon Mobil Co. (NYSE:XOM)

Eagle Wealth Strategies LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,720 shares of the oil and gas company’s stock after selling 406 shares during the quarter. Exxon Mobil makes up 2.2% of Eagle Wealth Strategies LLC’s holdings, making the stock its 7th biggest position. Eagle Wealth Strategies LLC’s holdings in Exxon Mobil were worth $3,535,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of XOM. Regent Peak Wealth Advisors LLC boosted its position in Exxon Mobil by 6.4% during the first quarter. Regent Peak Wealth Advisors LLC now owns 6,093 shares of the oil and gas company’s stock worth $725,000 after acquiring an additional 364 shares during the last quarter. LexAurum Advisors LLC raised its holdings in Exxon Mobil by 1.1% in the 1st quarter. LexAurum Advisors LLC now owns 11,987 shares of the oil and gas company’s stock valued at $1,426,000 after acquiring an additional 126 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Exxon Mobil by 9.8% during the 1st quarter. Sivia Capital Partners LLC now owns 11,030 shares of the oil and gas company’s stock worth $1,312,000 after purchasing an additional 987 shares during the last quarter. Gemmer Asset Management LLC boosted its holdings in shares of Exxon Mobil by 78.6% during the 1st quarter. Gemmer Asset Management LLC now owns 3,496 shares of the oil and gas company’s stock worth $416,000 after purchasing an additional 1,539 shares during the last quarter. Finally, Sunflower Bank N.A. grew its position in shares of Exxon Mobil by 2.3% in the first quarter. Sunflower Bank N.A. now owns 25,768 shares of the oil and gas company’s stock valued at $3,065,000 after purchasing an additional 589 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on XOM shares. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley cut 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, Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $104.29 on Friday. The company’s 50 day simple moving average is $105.42 and its 200-day simple moving average is $109.11. The company has a market capitalization of $449.45 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, May 15th. 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.