Fluent Financial LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Fluent Financial LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 19.2% in the first quarter, Holdings Channel.com reports. The firm owned 3,494 shares of the oil and gas company’s stock after selling 831 shares during the period. Fluent Financial LLC’s holdings in Exxon Mobil were worth $416,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $32,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $102.33 on Thursday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week 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. The company has a 50 day simple moving average of $106.06 and a two-hundred day simple moving average of $109.42. The company has a market capitalization of $441.01 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm 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 firm posted $2.06 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. Mizuho decreased 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. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of 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 assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

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.