Net Worth Advisory Group Sells 1,529 Shares of Exxon Mobil Co. (NYSE:XOM)

Net Worth Advisory Group decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 16.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,856 shares of the oil and gas company’s stock after selling 1,529 shares during the period. Net Worth Advisory Group’s holdings in Exxon Mobil were worth $934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Beacon Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock valued at $923,000 after buying an additional 93 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 94 shares during the last quarter. WPWealth LLP boosted its holdings in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock worth $990,000 after purchasing an additional 96 shares during the last quarter. Finally, Financial Management Network Inc. boosted its holdings in Exxon Mobil by 1.2% in the fourth quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company’s stock worth $910,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Up 1.9%

Shares of XOM stock opened at $109.31 on Thursday. The company has a market capitalization of $471.08 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company’s fifty day moving average price is $105.14 and its 200-day moving average price is $108.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm 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 company’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $2.06 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil’s payout ratio 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.