Exxon Mobil Co. (NYSE:XOM) Stock Position Raised by Prentice Wealth Management LLC

Prentice Wealth Management LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,894 shares of the oil and gas company’s stock after acquiring an additional 839 shares during the quarter. Exxon Mobil comprises about 0.6% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Prentice Wealth Management LLC’s holdings in Exxon Mobil were worth $1,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thompson Investment Management Inc. raised its holdings in Exxon Mobil by 1.1% during the first quarter. Thompson Investment Management Inc. now owns 153,745 shares of the oil and gas company’s stock valued at $17,871,000 after buying an additional 1,604 shares in the last quarter. Hoxton Planning & Management LLC increased its stake in shares of Exxon Mobil by 4.1% in the first quarter. Hoxton Planning & Management LLC now owns 4,964 shares of the oil and gas company’s stock worth $577,000 after purchasing an additional 194 shares during the period. Affinity Capital Advisors LLC bought a new position in Exxon Mobil during the first quarter valued at about $243,000. Beech Hill Advisors Inc. increased its stake in Exxon Mobil by 4.0% during the first quarter. Beech Hill Advisors Inc. now owns 4,517 shares of the oil and gas company’s stock valued at $525,000 after acquiring an additional 175 shares during the period. Finally, Evanson Asset Management LLC increased its stake in Exxon Mobil by 9.0% during the first quarter. Evanson Asset Management LLC now owns 25,557 shares of the oil and gas company’s stock valued at $2,971,000 after acquiring an additional 2,120 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $0.06 during midday trading on Wednesday, reaching $114.43. 6,416,209 shares of the company were exchanged, compared to its average volume of 18,251,424. The stock’s 50-day moving average price is $115.50 and its 200-day moving average price is $109.39. The stock has a market cap of $451.20 billion, a P/E ratio of 14.02, a PEG ratio of 4.11 and a beta of 0.92. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.83 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. UBS Group lifted their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company upped their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Mizuho lifted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

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.