Blue Barn Wealth LLC Trims Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Blue Barn Wealth LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,242 shares of the oil and gas company’s stock after selling 118 shares during the period. Blue Barn Wealth LLC’s holdings in Exxon Mobil were worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. 10Elms LLP purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the first quarter worth $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. boosted its holdings in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after buying an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $125.26.

Exxon Mobil Stock Down 0.6%

Shares of NYSE XOM opened at $106.56 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm’s 50-day moving average price is $109.73 and its 200-day moving average price is $109.05. The stock has a market capitalization of $454.28 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 2.02 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

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.