Exxon Mobil Co. (NYSE:XOM) is McElhenny Sheffield Capital Management LLC’s 6th Largest Position

McElhenny Sheffield Capital Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,836 shares of the oil and gas company’s stock after selling 2,438 shares during the quarter. Exxon Mobil accounts for about 3.0% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. McElhenny Sheffield Capital Management LLC’s holdings in Exxon Mobil were worth $7,949,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XOM. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Exxon Mobil by 3.6% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 161,230 shares of the oil and gas company’s stock valued at $19,175,000 after purchasing an additional 5,605 shares in the last quarter. Spectrum Asset Management Inc. NB CA grew its stake in shares of Exxon Mobil by 25.6% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 38,096 shares of the oil and gas company’s stock valued at $4,531,000 after buying an additional 7,763 shares in the last quarter. Sterling Financial Group Inc. raised its holdings in shares of Exxon Mobil by 5.8% during the 1st quarter. Sterling Financial Group Inc. now owns 3,640 shares of the oil and gas company’s stock valued at $433,000 after buying an additional 201 shares during the period. Ferguson Wellman Capital Management Inc. lifted its position in Exxon Mobil by 4.4% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 216,031 shares of the oil and gas company’s stock worth $25,693,000 after acquiring an additional 9,065 shares in the last quarter. Finally, Defined Financial Planning LLC boosted its holdings in Exxon Mobil by 7.6% in the 1st quarter. Defined Financial Planning LLC now owns 2,706 shares of the oil and gas company’s stock worth $322,000 after acquiring an additional 191 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XOM shares. Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of XOM opened at $109.71 on Friday. The stock has a market capitalization of $472.81 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The business’s fifty day moving average price is $105.28 and its 200 day moving average price is $108.82. 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 Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. Exxon Mobil’s dividend payout ratio is currently 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.