LJI Wealth Management LLC Trims Stock Position in Exxon Mobil Corporation (NYSE:XOM)

LJI Wealth Management LLC lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,554 shares of the oil and gas company’s stock after selling 927 shares during the quarter. LJI Wealth Management LLC’s holdings in Exxon Mobil were worth $1,612,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in shares of Exxon Mobil by 35.3% in the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company’s stock valued at $1,963,000 after acquiring an additional 4,760 shares during the period. Cozad Asset Management Inc. raised its stake in shares of Exxon Mobil by 1.5% in the 4th quarter. Cozad Asset Management Inc. now owns 14,525 shares of the oil and gas company’s stock valued at $1,562,000 after acquiring an additional 211 shares during the period. Tocqueville Asset Management L.P. increased its stake in Exxon Mobil by 1.2% during the 4th quarter. Tocqueville Asset Management L.P. now owns 173,470 shares of the oil and gas company’s stock worth $18,660,000 after buying an additional 2,103 shares during the period. Argent Advisors Inc. increased its stake in Exxon Mobil by 0.7% during the 4th quarter. Argent Advisors Inc. now owns 77,963 shares of the oil and gas company’s stock worth $8,386,000 after buying an additional 507 shares during the period. Finally, BlackDiamond Wealth Management LLC increased its stake in Exxon Mobil by 9.1% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 3,558 shares of the oil and gas company’s stock worth $383,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XOM shares. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday. Finally, Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.05.

Exxon Mobil Stock Down 0.9%

XOM stock opened at $112.90 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a fifty day moving average price of $108.39 and a two-hundred day moving average price of $108.89. The firm has a market cap of $486.56 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 2.18 and a beta of 0.50.

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, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.51%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

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.